Thailand on Tuesday approved a draft bill requiring foreign digital service providers to pay a value-added tax (VAT), becoming the latest country in Southeast Asia to seek to boost tax revenues from international tech companies.
Foreign e-business operators that provide electronic services to non-VAT registrants in Thailand will be required to register for and pay Thai VAT and file VAT returns with the Revenue Department if they exceed a threshold of THB1.8 million per year.
Sources:
- 9to5mac.com
- wkzo.com
- Taxamo
- Orbitax
- vietnamplus.vn
- bloombergtax.com is saying that the bill is based on OECD guidelines on international VAT collection (which hopefully means that there is a reverse charge for B2B services)
- dfdl.com: This legislation will now proceed to the National Legislative Assembly for enactment via the vote of the Assembly.
- EY
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