Easy E - Receipt Program 2024

Modified on Mon, 11 Mar 2024 at 04:16 PM

The Easy E - Receipt 2024 program is a scheme that the Thai government has initiated to enhance domestic spending by encouraging consumers to purchase products or services from the participating service providers from 1 January - 15 February 2024 allowing them to claim a tax deduction for the tax year 2024 up to 50,000 baht.


Bitkub Exchange is one of the service providers that can issue e-tax invoices or e-receipts and is eligible for this program in 2024. The payment that customers can request an e-tax invoice/e-receipt for 2024 tax deduction are as follows.

  • Fee paid for buying/selling digital assets

  • Fee paid for withdrawing digital assets and Thai baht

  • Redemption of Bitkub Coin (KUB) to fee credits


Terms and Conditions


  • To be eligible for 2024 tax deduction, transactions stated in clause 1, as well as utilization of the fee credits, must be completed within the period of 1 January - 15 February 2024 only.

  • Customers will receive an e-tax invoice/e-receipt via email the day after the completion of transactions (T+1).


Tax Deduction Rate for Easy E - Receipt 2024

Net Income (baht)

Tax Deduction Rate

Maximum Tax Return Amount (baht)

(In case of 50,000 baht spent)

Under 150,000

Tax Exemption

0

150,001 – 300,000

5%

2,500

300,001 – 500,000

10%

5,000

500,001 – 750,000

15%

7,500

750,001 – 1,000,000

20%

10,000

1,000,001 – 2,000,000

25%

12,500

2,000,001 – 5,000,000

30%

15,000

5,000,001

35%

17,500


Example


Mr. Bullkub redeems KUB to fee credit worth 100,000 baht and receives a 20% bonus worth 20,000 baht on 2 January 2024.

  • Mr. Bullkub will receive an e-tax invoice for his payment of 100,000 baht by 3 January 2024.

  • If Mr. Bullkub spends all of the redeemed fee credit within 15 February 2024, he can claim a 50,000-baht tax deduction, which is the highest amount that is allowed per the scheme.

  • If Mr. Bullkub did not use the redeemed fee credit at all in the period of 1 January - 15 February 2024, he will not be able to claim a tax deduction in this case. 


Remarks:

  • All kinds of bonuses such as a bonus from compensation, Bitkub Rewards, or other means are not eligible for a 2024 tax deduction.

  • Customers will receive an e-tax invoice on the redemption date when they redeem Bitkub Coin (KUB) for fee credit. However, no additional invoice will be issued if they subsequently utilize the redeemed credit for trading fees. Another e-tax invoice will only be issued if the fee is paid without using the redeemed credit.

  • Customers can contact Bitkub Support for fee credit inquiries and request an e-tax invoice/receipt for a 2024 tax deduction or visit this link to see more on how to download a tax invoice.

  • For more information about the Easy E-Receipt program, please refer to the following links.

  • Cryptocurrency investments are classified as high-risk investments. Before making investment decisions, please consider the risks and invest carefully.


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