As you may be aware, the Revenue Department has extended the period to comply with the new Notifications on VAT No. 194-197 until 31 December 2014. We would like to ensure compliance with the new VAT compliance rules. Therefore, please state the following information on your tax invoices, debit notes and credit notes issued to the Company starting from 1 January 2015 onward.
As you are aware, all VAT documents (Tax invoices, Debit notes and Credit notes) should contain particulars or information specified on the VAT Notifications in all details. If a tax invoice lacks such information, there will be a risk that the issuer/seller has issued an incomplete tax invoice, and a fine of Baht 2,000 per tax invoice may be imposed. As to the purchaser, it cannot use the incomplete tax invoice for VAT credit or claim for refund.