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Monday, May 6, 2024

Bangkok Post – E-commerce faces tax crackdown

Ms Kulthirath says policymakers should be able to collect taxes from foreign online vendors selling products in Thailand to encourage a fair playing field for Thai vendors who pay tax.

The Revenue Department’s decision to require digital platforms to report revenue gained from their online merchants is expected to affect Thailand’s e-commerce landscape on many fronts.

Online shop numbers on platforms might decline by 10% as some merchants might not want to divulge their actual income, according to analysts.

The measure should give the department insight into merchants’ tax payments, ensuring fair competition among all…

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