In December 2018, the Thai government issued the Ministry Regulation No. 341. Under this law, the purchases of some goods are deductible for personal income tax purposes of the buyers, who is an individual.
We set below the summary of that law:
1). The purchases of the following goods are deductible for personal income tax purposes of the buyers, who is an individual;
(a). vehicle tires bought from Thai value-added tax registrants, where the tires were manufactured by those who bought raw material from Rubber Authority of Thailand;
(b). books and e-books (but not including magazines and newspapers) bought from companies or juristic partnerships; and
(c). products from the One-Tambol-One-Product program; and
2). To claim the tax deduction, the payments for those purchases must be made during 15 December 2018 through 16 January 2019. The deductible amount shall equate the paid amount, and capped at 15,000 baht. If the payments were made during 15 through 31 December 2018, the tax deduction shall be claimed for the tax year 2018. If the payments were made during 1 through 16 January 2019, the tax deduction shall be claimed for the tax year 2019. If the payments were made in both periods, the total tax deduction for both years (2018 and 2019) shall not exceed 15,000 baht.
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