- Thailand is proposing updates to its laws to require foreign online platforms to register for VAT
- The initiative aims to enhance regulation of online commerce and combat illegal sales
- Both local and foreign online businesses will need to register as legal entities in Thailand and comply with VAT regulations
- The Revenue Department is revising tax laws to support this effort
- The government plans to increase customs inspections and product checks for online sales
- The goal is to assist small businesses in improving their competitiveness, especially in exports to markets like China, Japan, and South Korea.
Source: fiscal-requirements.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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