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Thailand Issues Incentives to Counter COVID-19 Impact: Phase One

Businesses that participate in the ‘Good Exporter’ program can receive VAT refunds within 15 days, compared with the typical 30 day refunds. A Good Exporter is defined as a public or limited company that is VAT registered, adheres to export regulations, and must have a ratio of goods exported abroad for no less than 50 percent of total sales.

This is only available for businesses if the VAT returns are filed through the e-filing system.

For businesses that file paper returns, the VAT refunds can be received within 45 days (compared to the usual 60 days).

 

Source: aseanbriefing.com

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