- Donations for VAT input tax deduction must be processed through the e-Donation system.
- The e-Donation system is officially defined for verifying donation eligibility for tax benefits.
- Only Ministry-approved organizations (e.g., charities, hospitals, schools) are eligible to receive VAT-deductible donations.
- The new requirements apply to donations made from 1 January 2021 onward.
Source: rd.go.th
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Thailand"
- Thailand Plans Gradual VAT Increase to 10% by 2030 Under Fiscal Strategy
- Thailand’s e-Tax Invoice System: Digitalizing Business Documents with Voluntary Electronic Invoicing Options
- Finance Ministry Updates VAT Rules for Tax-Deductible Donations to Approved Organizations
- Thailand’s VAT Hike: Fiscal Necessity Demands Transparency, Targeted Spending, and Social Safeguards
- Thailand to Maintain 7% VAT Until 2028, 10% Rate Unlikely Before 2030
