Payment of stamp duty for electronic instruments

The Revenue Department issued Notifications of the Director-General on Stamp Duty No. 66 and No. 67 on 1 February 2023 to specify the methods to be used for paying stamp duty on electronic instruments executed from 19 August 2022 to 31 December 2023.

Keywords: Mazars, Thailand, Tax, Revenue Department, Stamp Duty

10 March 2023

The notifications are effective retroactively from 19 August 2022.

Electronic instruments subject to stamp duty under the notifications
1. Leases of land, buildings, other constructions, or floating houses	2. Fixed deposit receipts of banks bearing interest
3. Transfers of share(s), debentures, bonds, and certificates of debt issued by any company, association, body of persons, or organization	4. Letters of credit
5. Hire-purchase agreements	6. Travellers’ cheques
7. Hire-of-work agreements	8. Carrier receipts
9. Loan agreements or bank overdraft agreements	10. Guarantees
11. Insurance policies	12. Pledges
13. Authorization letters	14. Warehouse receipts
15. Proxy letters for voting in a meeting	16. Delivery orders
17. Bills of exchange or similar instruments used like bills of exchange for individual bills or instruments and promissory notes, or similar instruments used like promissory notes for each note or instrument	18. Agency agreements
19. Bills of lading	20. Partnership agreements
21. Share or debenture certificates, certificates of debt issued by any company, association, body of persons, or organization, and bonds of any government sold in Thailand	22. Receipts issued in connection with a sale, a sale with the right of redemption, as well as the hire-purchase or transfer of ownership of a vehicle, but only if the vehicle is registered under the law governing such a vehicle
23. Cheques or any written orders used in lieu of a cheque for each instrument