Tax Law News
Effect on 1st September 2021. Thailand’s VAT on Non-Resident Electronic Service Providers.
The Revenue Code Amendment Act (No.53) B.E. 2564 (2021). The code come with 2 mainly stipulates that;
a) Non-resident electronic service providers and electronic platforms who receive income of more than 1.8 million baht per year from providing electronic services to non-VAT registered customers in Thailand. The said shall register for VAT, file VAT returns, and pay VAT by calculating output tax without deducting input tax starting from 1 September 2021, which is the implementation date of the regime.
b) The electronic service providers and electronic platforms are not required to issue. Read more
Thank you to the Revenue Department for the information.