Thailand: Adoption of law introducing VAT on online services by foreigners
Description
Adoption of law introducing VAT on online services by foreigners
Thailand issues the Act Amending the Revenue Code No. 53/2564 to introduce the collection of VAT on services provided online by foreign electronic service providers and platform operators, increasing the VAT from 0% to 7%.
Scope
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
cross-cutting, cross-cutting, cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
cross-cutting
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
listing (any form): sale
Regulatory tool
Subordination under sales, use or value-added tax
Sanctions
Regulated subjects
1
own content: any format: hosting (any form)
Regulatory tool
Subordination under sales, use or value-added tax
Sanctions
Regulated subjects
1