Sun, September 26, 2021

in-focus

Special 7% tax for online businesses kicks off tomorrow


A special electronic service (e-service) tax will be collected from online platforms from Wednesday (September 1) onwards.

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The 7-per-cent value-added tax will apply to businesses that earn more than 1.8 million baht in online sales annually. The government expects to earn some 5 billion baht from this tax in the first year.

The authorities have been mulling this e-service tax for two years now before it was implemented at the beginning of this year. Businesses required to pay the tax include:

• Online shopping platforms

• Online advertising services

• Online booking services

• Media or application services

• Providers of middlemen services.

Published : August 31, 2021