E-service tax poised to surpass B5bn

The Revenue Department expects tax revenue collection from the upcoming e-service tax to tally more than 5 billion baht per year as the pandemic crisis has stirred traffic on online platforms.

The department previously expected the e-service tax to generate revenue of 5 billion baht in the first year after it takes effect.

“The pandemic has caused the volume on online service platforms to spike significantly,” said Ekniti Nitithanprapas, director-general of the Revenue Department.

“We expect tax revenue collection from the e-service tax to be higher than previously assessed.”

The department targets revenue collection of 2.09 trillion baht for fiscal 2021.

Starting on Sept 1, overseas businesses…