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

Brexit: actions to help you prepare

The transition period after Brexit comes to an end this year and even if a trade deal is agreed, there will be a host of changes to the current VAT regime that...

SEE MORE
LATEST NEWS

Ecuador to apply VAT on digital services from...

From 16 September 2020, Ecuador will impose VAT at 12% on the sale of e-services to local consumers by non-resident businesses.  At present, non-resident...

SEE MORE
LATEST NEWS

Costa Rica to introduce VAT on electronic services...

From 1 October 2020, Costa Rica will introduce VAT at 13% on the provision of electronic services by non-resident companies. At present, foreign businesses...

SEE MORE

Gated Content

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