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Thailand e-commerce 5% VAT withholding

  • VAT
  • 12 June 2017 | Richard Asquith

Thailand e-commerce 5% VAT withholding

The Thai government is reviewing a VAT bill to levy a 5% VAT withholding levy on all e-commerce goods and services transactions.

The VAT would be charged and collected by banks and credit card companies.  And replicates similar split payment arrangements in many South American countries. It would be levied on any purchases of goods from online marketing places (e.g. Amazon or eBay), payments to car sharing services (e.g Uber) or social media advertising (e.g. Facebook and Instagram).  The charge would be applicable to resident and non-resident providers.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.