According to recent reports, the Thai government is considering the introduction of a 5% value added tax (VAT) withholding on payments for e-commerce transactions for goods and services. The VAT withholding would apply for both resident and non-resident suppliers, with the bank or credit card company processing the transaction acting as the withholding agent.
Thailand has also been considering other ways to effectively tax e-commerce and expand the VAT base, including a proposal to amend th…