Thailand proposes to introduce VAT on e-commerce sales

30 June 2017

A VAT bill is currently being reviewed by Thailand’s government which would introduce a 5% withholding value added tax on all e-commerce goods and service transactions.

If introduced the new tax would be charged and collected via banks and credit card companies in the country, instead of suppliers. It would also apply to both resident and non-resident providers of these types of goods and services.

It is thought that this tax would be levied when the sale is made from the online market places (including Amazon, eBay, Facebook and Instagram for example).

LATEST NEWS

Belgium to cut e-book VAT rate from 1 January 2022

From 1 January 2022, the Belgium tax authorities have confirmed that the VAT rate on the sale of e-books, e-manuals, e-newspapers, and e-magazines sold online...

SEE MORE
LATEST NEWS

Ukraine to apply VAT on digital services from January...

From 1 January 2022, Ukraine will impose VAT at 20% on the sale of e-services to local consumers by non-resident businesses.  At present, non-resident...

SEE MORE
LATEST NEWS

Does a UK e-commerce business need an IOSS...

From 1 July 2021, the EU’s new e-commerce VAT reforms will be introduced allowing sellers to no longer pay import VAT at clearance on low-value consignments...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.