Clarification regarding shop transactions within the digital wallet system

Round 2 and beyond: Retailer-to-Retailer Transactions

Participating retailers must pay for the products at another retailer using an electronic payment system.

The transaction must involve the actual purchase of goods.

Retailers cannot withdraw cash immediately after consumers pay. However, from Round 2, retailers will be able to withdraw cash provided they are registered in the tax system and meet the following criteria:

Retailers must be registered for value added tax (VAT), corporate tax or personal income tax in accordance with Article 40 of the Tax Code, except for those exempt from tax under the Tax Code. Retailers in the tax system must meet the following tax requirements:

1.1 Companies that have existed for more than two years must file an income tax return for both 2022 and 2023.

1.2 Companies that have been in existence for less than two years must have filed income tax returns continuously from the start of their business activities until the present.

1.3 New companies that have not yet filed an income tax return for their first tax year or accounting period will be considered only on the basis of their VAT returns.

Retailers must use a postpaid mobile number to register for benefits.

“The information currently being posted and shared is distorted and untrue,” Karom stressed. “We urge the public not to share or forward such messages to avoid possible confusion and damage to the country’s image.”

He said people should follow the official updates from the Office of the Permanent Secretary of the Ministry of Commerce through the website www.moc.go.th or call the call center at 1203 (02-507-7000, 02-507-8000).