‘Easy E-Receipt’ tax deduction program launched today

20 Sept 05:56 Key points summarised by AI

The Commerce Ministry launched the ‘Easy E-Receipt’ program, enabling consumers to claim personal income tax deductions for purchases made with electronic receipts.
Consumers can deduct up to 50,000 baht spent between today and February 28, with specific allocations for general products/services (30,000 baht) and OTOP goods (20,000 baht).
Over 20,000 retail stores are participating, with the program expected to inject 70 billion baht into circulation, despite an estimated 10 billion baht government revenue loss.
While large retailers are prepared to issue e-receipts, some smaller businesses express concerns that the program may primarily benefit larger enterprises equipped for e-tax invoices.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.