Thailand Explains New VAT Rules For B2C Electronic Services
by Mary Swire, Tax-News.com, Hong Kong
06 August 2021
Thailand's Revenue Department has released new English-language guidance on the value-added tax rules for business-to-consumer supplies of electronic services rendered by non-resident businesses.
Earlier this year, Thailand enacted legislation to introduce an obligation on non-resident electronic services providers to register for, charge, and remit VAT starting from September 2021.
The bill provides that business-to-consumer supplies of services will be subject to VAT from September 1, 2021, if the supplier's annual turnover is THB1.8m (USD60,000) or more. E-services are those that cannot be provided other than through information technology.
Where the service is provided through an electronic marketplace that has its own customer billing service, VAT should be administered by the marketplace operator, rather than the seller.
The new guide, titled "A Guide on VAT on Electronic Service Provided to Non-VAT Registrants in Thailand by Non-resident Business Person", covers the new regime that will be introduced from September, including registration, filing, and payment obligations, the rules regarding value-added tax refunds, and answers frequently asked questions.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »