Following Thailand‘s full reopening in June last 12 months, the variety of tourist tax refunds has surged, as reported by Revenue Department director-general Lavaron Sangsnit. Research enhance in overseas guests is clear in the substantial rise in value-added tax (VAT) refund totals. In 2022, over 423,000 tourists received VAT refunds, totalling 1.2 billion baht.
Between January and May 2022, there were fifty five,seven-hundred refunds, equating to 204 million baht. However, from June to December, refunds elevated to 367,000, amounting to almost 1 billion baht. As Cheap proceed to grow, the division anticipates VAT refunds to rise additional. From January to March 2023, VAT refunds had been supplied to 273,000 tourists, worth seven hundred million baht.
The division provides three choices for VAT refunds:
1. Airport refunds: Goods value at least 2,000 baht (inclusive of VAT) should be bought from stores displaying the “VAT Refund for Tourists” sign. On the purchase date, vacationers should current their passports and request the gross sales assistant to issue the VAT Refund Application for Tourists type (P.P.10) with the unique tax invoices. On the departure date, tourists must current the products and the P.P.10 form with authentic tax invoices to a customs officer for inspection earlier than check-in. Luxury goods have to be declared at the Customs Inspection Office.
2. VAT refunds by mail: Tourists can post the required paperwork to the VAT Refund for Tourists Office, and the refund fee is made through a bank card switch.
3. Refunds at VAT Refund Downtown brokers: Located at main department stores nationwide..