THAILAND
E-INVOICING
Latest update May 24th, 2024
On this page you will learn more on e-Invoicing in Thailand
Delve into the compliance standards, unravel the e-Invoicing framework and infrastructure.
Note: the Country Profile below is focused on the current situation.
Status: 🟢 Live
E-invoicing in Thailand is voluntary; however, its use has been regulated by the Thai government since 2017
Businesses choosing to utilize these systems can have tax advantages
Covered by DT: 🟢 Yes
Scope
B2B/B2G eInvoicing voluntary for all taxpayers
Adoption timeline
2017
Model
REAL TIME REPORTING MODEL: VAT registrants need to report e-invoices to the government in near real-time
Two e-invoicing systems:
- e-Tax Invoice & e-Receipt RTIR System
- e-Tax Invoice by E-mail System (for small entities with an annual turnover < THB 30 million, ca. EUR 800 000)
Format
XML (ETDA Standard)
PDF/A3
Archiving
The archiving period is 10 years
External references:
- RD – Thailand Revenue Department [link]
FAQ
When is electronic invoicing mandatory?DT-Brainfarm2024-06-12T10:09:08+02:00
Electronic invoicing has become mandatory in an increasing number of countries worldwide. This trend is motivated by the need to increase tax transparency, reduce tax evasion, and improve the efficiency of business operations. Additionally, electronic invoicing serves as a driver of innovation for businesses locally, promoting digitization and automation of administrative processes. Digital Technologies, with its advanced platform, stays updated on these regulatory developments, ensuring that your company remains compliant with the laws in force in every part of the world.
Visit our Electronic Invoicing Radar to stay updated on international regulations and news regarding e-Invoicing and e-Reporting.
In which countries is electronic invoicing mandatory?DT-Brainfarm2024-06-12T10:09:16+02:00
Electronic invoicing is mandatory in many countries, but regulations can vary significantly from one state to another. Many countries have implemented stringent regulations, each with specific requirements regarding models, formats, and transmission requirements. This fragmentation makes managing electronic invoices complex for companies operating internationally. The Digital Technologies platform is designed to be globally compliant, supporting your company in managing electronic invoices in any country where you operate, ensuring maximum compliance at all times.
To learn about the specific regulations of each country, visit our Electronic Invoicing Radar.
How does electronic invoicing work?DT-Brainfarm2024-06-12T10:09:24+02:00
Electronic invoicing involves the generation, sending, receiving, and storing of invoices in digital format, according to specific technical and regulatory standards, which vary from country to country. The Digital Technologies platform simplifies this process, automating the creation and sending of compliant invoices, reducing errors, and improving the operational efficiency of your company. With Digital Technologies, you can entrust the entire process to a single provider who handles invoice transmission in compliance with current regulations, thereby eliminating complexity and administrative burden.
For more information about our platform, visit the page.
When is electronic invoicing mandatory?DT-Brainfarm2024-06-12T10:06:43+02:00
Electronic invoicing has become mandatory in an increasing number of countries worldwide. This trend is motivated by the need to increase tax transparency, reduce tax evasion, and improve the efficiency of business operations. Additionally, electronic invoicing serves as a driver of innovation for businesses locally, promoting digitization and automation of administrative processes. Digital Technologies, with its advanced platform, stays updated on these regulatory developments, ensuring that your company remains compliant with the laws in force in every part of the world.
Visit our Electronic Invoicing Radar to stay updated on international regulations and news regarding e-Invoicing and e-Reporting.
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