Measures for the taxation of foreign e-business in Thailand were first proposed in 2017, and new value-added tax (VAT) rules have now been enacted and were published in the Royal Gazette on 10 February 2021. The new rules are effective from 1 September 2021. Their main objective is to enable the collection of VAT on electronic services rendered by e-business operators in foreign countries to non-VAT operators in Thailand.
Source: essentiaglobalservices.com
Latest Posts in "Thailand"
- Thailand’s Credit Rating Stable, No VAT Increase Planned Despite Political Uncertainty: Official
- Thai Cabinet Extends 7% VAT Rate Until September 2026 to Support Economic Growth
- Effects of Inventory Discrepancies on VAT and Corporate Tax Compliance in Thailand
- Thailand Extends 6.3% Reduced VAT Rate on Goods, Services, Imports Until September 2026
- Thailand Maintains 7% VAT Rate for Another Year to Support Economic Growth
