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January 22, 2020 Thailand issues revised draft of VAT bill on foreign e-business for public consultation The Thai Revenue Department first introduced a draft bill to amend Thai value-added tax (VAT) law, related to the collection of VAT on services rendered by e-business operators in foreign countries (digital services) to individuals in Thailand, back in January 2018. The draft VAT bill was opened for public consultation and then passed to the Council of State of Thailand for consideration and comments. The Revenue Department has now published an amended version of the proposed VAT bill on its website and has re-opened it for public consultation until 29 January 2020. In brief, the key principles of this revised draft VAT bill include the following:
For additional information with respect to this Alert, please contact the following: EY Corporate Services Limited, Indirect Tax, Bangkok
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