Thailand’s online tax is to come into effect in six months generating an expected ฿5 billion for the exchequer. The tax will fall primarily on large US-based behemoths and some Chinese firms who have now become part of everyday life in the kingdom. It comes as the OECD has expressed concern that such national taxes could become a complicating and disrupting factor in efforts to grow world trade especially in the aftermath of the economic devastation caused by Covid-19.
Source: thaiexaminer.com
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