30 April 2021
From September 2021, Thailand has confirmed it will introduce VAT at 7% on sales of electronic services by non-resident providers to consumers in the country.
At present, foreign businesses providing digital services in Thailand do not have to charge VAT on their sales. However, to remove the unfair advantage this gives to non-resident companies over Thai resident providers, the Thai government will implement VAT at 7% on these types of transactions.
This will apply to a range of electronic services including streaming games, music, apps, films, e-books, e-journals, and internet services.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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