5% VAT refund approved for Chinese New Year

[snoop1130]

5% VAT refund approved for Chinese New Year

By The Nation 

 

The Cabinet on Tuesday approved the Finance Ministry’s proposal of a 5-per-cent value-added tax refund for all shoppers during the Chinese New Year in February.

 

The government will give shoppers the VAT refund when they purchase goods from February 1 to 15. 

 

The current VAT rate is 7 per cent.

 

To take advantage of the tax break, shoppers have to use debit cards when buying items and the tax refund will be sent back to them via their PromtPay accounts.

 

The maximum purchase amount to be eligible for a VAT refund is Bt20,000 per shopper, meaning that the maximum refund will be worth Bt1,000.

All goods are covered, except for alcoholic drinks.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30360670

 

-- © Copyright The Nation 2018-12-18

[Chassa]

12 hours ago, snoop1130 said:

PromtPay accounts.

What is?

[connda]

Talk about a give-away aimed directly at middle class and above voters just prior to the Feb 24th elections.  "More gifts to the people!!!"  Right.

Those who don't use debit cards (rural poor) are simply out of luck, but back-woods red-shirts are really the target anyway.

[Regyai]

Cake and circuses 

[1337markus]

What about Mali New Year any discount?

[Srikcir]

If one is on welfare will they have a debit card to make purchase?