Thursday, August 22, 2019

VAT ON E-COMMERCE, INTERNET PLATFORMS 

Jul 17. 2018
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By The Nation

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The Cabinet yesterday approved a proposal to collect VAT from foreign|e-commerce and Internet platforms.

It has also given the green light for the collection of a 7-per cent value added tax from foreign vendors and e-commerce platforms, said government spokesman Maj-Gen Sansern Kaewkamnerd. 

The taxes will apply to those selling goods and services on Internet platforms as well as the operaters of Internet platforms such as Google, Amazon and Alibaba. 

The two groups have to register their tax compliance with the Revenue Department in Thailand.

The government will first forward the draft bill to the Council of State, the government legal advisory body, before submiting it to the National Legislative Assembly for a debate.

 

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