- Ministry of Finance and Revenue Department of Thailand preparing draft law amendments to VAT Act
- Current situation allows non-resident suppliers to sell low-value goods without import duties or VAT
- Government aiming to create a level playing field for foreign and local sellers
- New rules expected to be enforced in May
- Amendments will change operations for digital service providers selling low-value goods in Thailand
- Threshold of baht 1,500 for low-value imports will be abolished
- Digital Platforms will be deemed suppliers for imported goods sold in Thailand
- Operators will need to register for local VAT and file declarations
- Foreign and domestic sellers will have indirect tax duties for goods supply
- Non-resident digital platform operators should stay updated on changes in responsibilities
Source: 1stopvat.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.
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