Draft e-service tax passes second hearing
Levy seen generating B5bn in first year
The draft e-service tax, which applies the value-added tax (VAT) to overseas electronic service providers, has passed the committee’s second hearing in the House of Representatives, says the Revenue Department.
The draft law will be deliberated in a third hearing once parliamentary meetings resume, said director-general Ekniti Nitithanprapas.
Once the draft law takes effect, there will be a six-month period for the Revenue Department to prepare tax collection, Mr Ekniti said.
The e-service tax is expected to generate revenue of 5 billion baht in the first year after it takes effect.
The new tax will help create a level playing field for entrepreneurs operating in Thailand who are liable for VAT and operators who are based in overseas…
