VAT refund rules eased
The Excise Department has relaxed its rule for stores under the Tax Refund for Tourists scheme.
The objective is to make it easier for companies to take part in the scheme, deputy director-general Somchai Saengratmaneedet said Monday.
The new criteria only oblige applicants to be registered companies or registered partnerships, while requiring them to register as value-added-tax operators.
The minimum for registered capital has been waived, he said.
