GIJ Overseas News/Topics

Thailand

2017/1/30(Mon)11:15

The Thai Revenue Department will work with the Bank of Thailand (BOT) and the Ministry for Economy and Digital Society (DEA) to enact new tax laws related to online businesses and social networks, called "e-Business" laws, that will take effect in mid 2017.
 
The working group has studied the practical process of dealing with this issue in countries around the world, such as Japan, South Korea, India, Australia, New Zealand, the UK and Norway, and found that many countries are experiencing problems collecting e-Business tax revenues. Some countries require online service providers to have an operator in that country, and the Revenue Department may adopt similar guidelines and also improve its application procedure. It may also close contact channels with channel remittance.
 
Currently e-Business service providers are obliged to pay tax as a general rule. Corporate income tax and value added tax (VAT) are payable by entities of enterprises registered in Thailand.
 
However, operators in other countries such as Google, Facebook, Bitcoin, sites selling rooms (Air bnb), and online hotel reservations are unregistered companies in the Kingdom of Thailand, and so the revenue department cannot trace the tax for those businesses, which means that revenue of more than ten thousand million baht is lost. This is an attempt to find some solution to this matter.

Increasing of Online Business TaxesIncreasing of Online Business Taxes

 
Reported by ABK & AOTS Alumni Association (Thailand)
 
​*Any feedback on this article or suggestion of possible themes/topics would be greatly appreciated. johochosa@hidajapan.or.jp
 

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