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Cabinet nod for proposal to collect VAT from foreign e-commerce vendors, Internet platforms

The Cabinet on Tuesday gave a green light to collect 7-per-cent value added tax from foreign vendors and e-commerce platforms, Government Spokesman Maj-General Sansern Kaewkamnerd said.

The VAT will be applied to both those who sell goods and services on Internet platforms and those who operate such platforms, such as Google, Amazon and Alibaba. 
Under the draft bill, foreign businesses in the two groups will have to register their tax compliance with the Revenue Department, the spokesman said.
The government will now forward the draft bill to the Council of State – the government’s legal advisory body – after which it will be submitted to the National Legislative Assembly for debate, Sansern added.

Published : July 17, 2018

By : The Nation

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