Thailand Considering New Tax on Online Foreign Companies

by admin on June 27, 2018










Thailand’s government will examine a new law that would require all foreign businesses with no physical presence in the country to report all their transactions to their government to determine if they should pay value-added tax (VAT), which currently stands at 7%.

As of now, foreign companies can skirt Thailand’s VAT as long as they maintain a purely digital presence in the country.

The Thai Department of Revenue’s new tax bill is the response to booming online trade in the country as well as another means to increase revenues.

The legislation comes in the wake of another law, regarded as the e-business tax, that would tax online purchases and sells originating from outside the country.

Read the full story here.

Opening a new business in Thailand can be an intricate experience with a lot of hoops and ladders. To consult a professional Thailand business attorney, contact the experts at Chaninat & Leeds.

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