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Thursday, May 2, 2024

VAT payment of e-service tax beats estimates

The number of foreign online platform operators registering to pay value-added tax (VAT) in Thailand has increased to around 120 following enforcement of the e-service tax law last year, says Ekniti Nitithanprapas, director-general of the Revenue Department.

As of Sept 1, 2021, foreign electronic service providers and electronic platforms providing online services in Thailand were required to register for the 7% VAT liability if their annual income exceeded 1.8 million baht.

Mr Ekniti said providers have paid more than 2 billion baht of VAT, of which 686 million baht was paid in September 2021, 646 million baht in October and 590 million baht in November. The department is calculating the payment figure for December.

Given the high number of foreign online platform providers registering for VAT in Thailand, Mr Ekniti said such…

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