The blockchain technology for VAT refunds will shorten the process in the document verification and lower management cost as details of their purchases at the shops will be shared in real time with the Revenue Department and the Customs Department.
Source: pattayamail.com
Latest Posts in "Thailand"
- Thailand Tightens Customs Rules, Raising Parcel Import Costs and Protecting Local Businesses
- Thailand Updates Excise Tax and Incentives for Electric Vehicles Under New EV 3.5 Package
- Thailand Confirms No VAT Increase, Maintains 7% Rate Until at Least 2026
- New Government Rules Out VAT Hike, Prioritizes Economic Recovery Over Next Three Years
- Is It Time for Thailand to Raise VAT to 10%? Global and ASEAN Comparisons
