According to recent reports, the Thai government is considering the introduction of a 5% value added tax (VAT) withholding on payments for e-commerce transactions for goods and services. The VAT withholding would apply for both resident and non-resident suppliers, with the bank or credit card company processing the transaction acting as the withholding agent.
Thailand has also been considering other ways to effectively tax e-commerce and expand the VAT base, including a proposal to amend the permanent establishment rules to bring e-commerce with Thai consumers within the scope of a taxable presence (previous coverage), and a proposal to introduce VAT registration requirements for non-resident suppliers (previous coverage).
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