Cabinet approves VAT for foreign digital platforms

[snoop1130]

Cabinet approves VAT for foreign digital platforms

By The Nation

 

 

The Cabinet has approved a draft bill that will levy VAT on international digital platforms, expecting the measure to net additional annual revenue of Bt3 billion.

 

A Cabinet meeting on Tuesday (June 9) gave the green light to amend the Revenue Code to collect a value-added "E-Service" tax from foreign digital platforms that do not have a subsidiary company in Thailand. The draft was proposed by the Finance Ministry to collect revenue from overseas Internet-based service providers in Thailand.

 

The spokesman said the new tax will not affect consumers. It will be levied on websites, applications, movies, music, games, and hotel reservations from international platforms that currently pay no VAT.

 

Source: https://www.nationthailand.com/news/30389332?utm_source=category&utm_medium=internal_referral

 

-- © Copyright The Nation Thailand 2020-06-09

 

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[keith101]

What are they going to do send them an E-Bill telling them they have to pay tax   GOOD LUCK WITH THAT .

[ukrules]

34 minutes ago, keith101 said:

What are they going to do send them an E-Bill telling them they have to pay tax   GOOD LUCK WITH THAT .

Maybe they will block them if they don't pay.

[LordSomchai]

They need all the money they can get, given they have stolen so much in the past

Edited June 9, 2020 by LordSomchai

[falang07]

"The spokesman said the new tax will not affect consumers."

 

Well, if they would charge VAT to the companies, they WOULD definitely have to charge it to the customers.

[crobe]

The issue is how are they going to know what amount to put in the bill they send to the foreign companies?

The only way of doing this is for the government to have access to all credit card and online payments -at the level of each transaction, from all Thailand banks, CC companies and paypal etc.

So much for any privacy.

They will probably make more money selling the data to Alibaba than they get from the VAT.