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The Cabinet on Tuesday agreed to maintain the VAT rate at 7 per cent for another two years from October 1, 2021, to September 30, 2023. The 7 per cent rate of value-added tax will be collected on sales of goods, services, and all imports ...

The government has no plan to hike the value-added tax (VAT) in order to achieve the gross domestic product growth target this year of 4 per cent, a senior official said.Anucha Buraphachaisri, spokesman for the Prime Minister’s Office, said that Thailand had set the VAT ...

Starting on Sept 1, overseas businesses providing online services in Thailand will be required to register for the 7% value-added tax (VAT) liability if their annual income exceeds 1.8 million baht, according to a Revenue Department official.The e-service tax has been approved by parliament and ...

Finance Minister Uttama Savanayana confirmed on Tuesday (September 10) that the Cabinet has agreed to maintain value added tax (VAT) at 7 per cent for another year and has vowed to keep a close eye on the economy.Keep reading ...

The Revenue Department estimates that value-added tax (VAT) collection will fall short of the target for this fiscal year because of waning domestic consumption and the stronger baht, and the shortfall could extend to next year if the situation remains unchanged.Keep reading ...

The Finance Ministry expects to introduce a value-added-tax on electronic businesses next year, aiming to collect between 3 billion to 4 billion baht a year, a ministry official said on Monday, tapping a boom in e-commerce in the country.Keep reading ...

Thanks to the growing popularity of online shopping in Thailand, e-commerce is expected to have the brightest growth prospects this year, while book rental, handicraft and conventional furniture are forecast to face the bleakest outlook. Thanavath Phonvichai, vice-president for research at the University of the ...

The Ministry of Finance will seek cabinet approval for its latest scheme to exempt social welfare cardholders from the value-added tax (VAT). Finance Minister Apisak Tantivorawong said today (Sep 09) that the new scheme will help 11.4 million low-income earners enrolled in the social welfare ...

The Revenue Department says the draft bill on revocation of the value-added tax (VAT) exemption for online purchases of goods worth less than 1,500 baht from vendors outside of Thailand that are shipped by mail will be ready soon. Keep reading ...

The Revenue Department anticipates that 80-100 large foreign-based digital platform operators that render services to Thai consumers will sign up as value-added tax (VAT) registrants in Thailand after the e-business tax comes into force. Keep reading ...