Thailand’s digital services VAT has surpassed revenue estimates. As of 1 September 2021, non-resident companies that supply digital services to customers in Thailand are liable for VAT. The Revenue Department previously said it expected around 100 nonresident suppliers to register for VAT in 2021. However, according to the latest reports, 120 suppliers have registered. Revenue also exceeded forecasts.
Source: vatglobal.com
Latest Posts in "Thailand"
- Thailand Plans Gradual VAT Increase to 10% by 2030 Under Fiscal Strategy
- Thailand’s e-Tax Invoice System: Digitalizing Business Documents with Voluntary Electronic Invoicing Options
- Finance Ministry Updates VAT Rules for Tax-Deductible Donations to Approved Organizations
- New VAT Rules: E-Donation System Required for Tax-Deductible Donations from 2021 Onward
- Thailand’s VAT Hike: Fiscal Necessity Demands Transparency, Targeted Spending, and Social Safeguards
