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.
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.