Thailand's Cabinet approval of the OECD-led Global Minimum Tax exchange signals a shift toward mandatory e-invoicing. The move will require businesses to adopt the ETDA Standard 3-2560 XML schema and meet a 15-day transmission rule. The policy also offers a 200% double-tax deduction and a 1% electronic withholding tax rate until December 2027.
The VATfaqs digest
Global VAT news, delivered Tuesday and Thursday. Free, curated from 50+ official sources, no spam.
No spam · Unsubscribe any time
Nation Thailand · 5 months ago
Fitch Ratings warns that Thailand’s medium‑term fiscal framework relies on phased VAT increases that are politically difficult to implement, potentially delaying deficit reduction. The plan targets a 2.1% GDP deficit by FY2030, with VAT rising to 8.5% in FY2028 and 10% in FY2030. Political bargaining within the coalition government could jeopardise these fiscal objectives.
PKF Thailand · 6 months ago
This article explains how Thailand’s VAT rules treat trade and cash discounts, highlighting that only trade discounts granted at the time of sale and without conditions can be excluded from the VAT base. It cites the Revenue Department ruling No. Kor.Kor.0702/6077 (14 Oct 2025) that requires VAT to be calculated on the full selling price for conditional discounts, and notes that no VAT credit note can be issued when a deposit is refunded.
VATCalc · about 11 hours ago
China is expanding its mandatory e-fapiao VAT invoice pilot, phasing out paper invoices in 2026. Regional tax authorities now require businesses to issue digital invoices through government platforms. The move follows the nationwide rollout of fully digital e-fapiao from 1 December 2024.
Orbitax · 1 day ago
Sri Lanka has enacted VAT amendments affecting digital services supplied by non-residents and raising the VAT rate on financial services.
BusinessWorld · 2 days ago
Philippines: The Court of Tax Appeals upheld the denial of Zuellig Pharma Asia Pacific Ltd's P59.81-million VAT refund claim after finding the company failed to meet documentary requirements. The court ruled that the lack of certificates of inward remittance for P2.88 million of zero-rated sales and non-compliant official receipts made the claim fatal.
BusinessWorld · 2 days ago
Philippines: Deloitte Philippines highlights that e-invoicing could curb corruption by improving tax transaction transparency, but notes the government’s limited tech capacity and lack of clear guidance as key challenges. Revenue Regulations No. 11-2025 set a March 2026 deadline for covered taxpayers to issue electronic invoices, later extended to 31 December 2026 by RR No. 26-2025.
Put your brand alongside trusted tax-tech intelligence across 150+ countries.
Key Takeaways
From 1 July 2026, Thailand's Revenue Department requires all businesses to use the ETDA Standard 3-2560 XML schema for e-tax invoices and to transmit them within 15 days.
From 1 July 2026 until December 2027, Thailand provides a 200% double-tax deduction on e-tax invoice system investments.
From 1 July 2026 until December 2027, Thailand applies a 1% electronic withholding tax rate on e-tax invoices.
From 1 July 2026, Thailand mandates a 5-year electronic archiving period for XML e-tax invoices.
From 16 June 2026, Thailand will automatically exchange Global Minimum Tax information with partner countries under the OECD Pillar Two initiative.
Primary source
Read the full article at ComarchThis summary was published on VATfaqs.com on 7 July 2026. It relates to VAT developments in Thailand. The original source is Comarch.
