Thailand Revenue Department Clarifies Input Tax Deduction for VAT in LNG Project

• The Thai Revenue Department has clarified the input tax deduction procedure for VAT.
• Input tax deductions are not allowed on transfers of assets resulting from a joint venture in an LNG receiving terminal project.
• The clarification was made on September 22, 2023.
• The Thai Revenue Department’s clarification can be viewed for more information.

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.