Wednesday, February 26, 2020

Revenue Department seeks entrepreneurs to open VAT refund stations

Jan 16. 2020
Facebook Twitter

By THE NATION

The Revenue Department is accepting applications from entrepreneurs for opening permanent VAT refund stations for foreign tourists in Bangkok to help speed up the refund process as well as boost sales of retail shops.

Director-general Ekniti Nitithanprapas said on Wednesday (January 15) that currently six entrepreneurs had expressed interest in opening the permanent VAT refund station. “We will keep the registration period open for now to get as many entrepreneurs as possible,” he added.

In 2019, some 2.6 million tourists applied for VAT refund, with purchasing value of Bt46.6 billion and more than Bt3 billion of VAT refunded. “We hope this year will see more tourists applying for VAT refund thanks to more refund stations,” he said.

Ekniti also added that his department had cooperated with the Immigration Office in integrating the data of incoming and outgoing foreigners in Thailand via the electronic system with the help of blockchain technology. “This will help streamline the VAT refund process for foreign tourists and foreign residents in Thailand by eliminating the need to wait in the line and fill forms, as well as reduce mistakes and prevent fraud, as we can immediately identify when each person had entered the Kingdom and how much they had spent at each shop.”

This campaign will officially kick off on Friday (January 17) at Suvarnabhumi Airport, he added.

Tags:
Facebook Twitter
More in News
Editor’s Picks
wmg-logo
Top News
wmg-logo