28 February 2018
Thailand is proposing to introduce VAT at 7% on the provision of electronic services in the country.
At present, foreign businesses providing digital services in Thailand do not have to charge VAT on their sales. However, in an effort to remove the unfair advantage that this gives to non-resident companies over Thai resident providers, the Thai government is proposing to implement VAT at 7% on the these types of transactions.
If introduced this new tax will be subject to a Baht 1.8 million threshold (approx. £41,000) and will likely apply to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
Sri Lanka defers non‑resident VAT on B2C...
Sri Lanka’s Inland Revenue Department (IRD) has announced a further deferral of VAT on digital services supplied through electronic platforms by...
SEE MORE
LATEST NEWS
Germany provides further guidance on how e-invoicing...
The German Ministry of Finance (Bundesministerium der Finanzen, BMF) has updated the e‑invoicing frequently asked questions on its website. The updated FAQs...
SEE MORE
LATEST NEWS
Slovakia proposing to extend domestic reverse charge...
Slovakia is considering expanding its domestic “reverse charge” VAT rules to certain higher risk services. The sectors reported to be in scope include IT...
SEE MORE