Measures for the taxation of foreign e-business in Thailand were first proposed in 2017, and new value-added tax (VAT) rules have now been enacted and were published in the Royal Gazette on 10 February 2021. The new rules are effective from 1 September 2021. Their main objective is to enable the collection of VAT on electronic services rendered by e-business operators in foreign countries to non-VAT operators in Thailand.
Source: essentiaglobalservices.com
Latest Posts in "Thailand"
- Government’s VAT Hike Plan Faces Uncertainty Amid Energy Crisis and Slowing GDP Growth
- Thailand Tightens Customs Rules, Raising Parcel Import Costs and Protecting Local Businesses
- Thailand Updates Excise Tax and Incentives for Electric Vehicles Under New EV 3.5 Package
- Thailand Confirms No VAT Increase, Maintains 7% Rate Until at Least 2026
- New Government Rules Out VAT Hike, Prioritizes Economic Recovery Over Next Three Years
