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Monday, April 29, 2024

Council of State to rule on legality of loan bill for digital wallet

The ministry estimated that 1.4 million people will join the programme, spending some 70 billion baht and helping stimulate the GDP by about 0.18%. The programme, however, will cost the government 10.85 billion baht in lost revenue from tax.

The ministry also hoped that the programme will encourage businesses to sign up to the digital tax system, moving towards future e-government.

Under the Easy E-Receipt programme, participants will need to submit their tax returns with corresponding receipts for spending between January 1 and February 15, and the government will reimburse the taxed amount.

The programme will not include purchases of the following: Alcoholic beverages, tobacco, automobiles, motorcycles, boats, vehicle fuels, utility bills including telephone and internet, premium for loss insurance, and any long-term services that start before January 1 or end after February…

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