- The Customs Department will start collecting VAT on imported goods valued at less than 1,500 baht through an online platform in May.
- The aim is to create a fair trading environment for both domestic and foreign businesses.
- The new law will be based on international trade agreements and OECD tax collection mechanisms.
- The Vendor Collection Model will be used, where platforms will be responsible for delivering taxes to the government.
- This is part of a global trend to adapt to the expansion of e-commerce.
Source: bangkokbiznews.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.
