Thailand e-commerce withholding VAT
- Apr 27, 2019 | Richard Asquith
Thailand has proposed a withholding tax on e-commerce sales of goods and services. The measure is particularly aimed at sales to non-resident online sellers who are showing high levels of VAT evasion. VAT in Thailand is 7%.
The tax would be set at 5%, and would be deducted by the payment provider facilitating the transactions. The provider would then forward the funds to the Thai Revenue Agency. Taxable supplies would include: goods; auction sites; online advertising and affiliate marketing services; digital services; and online gaming.