Thailand - vatcalc.com

Thailand VAT registration threshold drop proposal

17 May 2025 in

Thailand

Thailand considers lowering VAT registration threshold amidst concerns from small businesses The Thai Revenue Department has proposed lowering the THB 1.8 million (approx €83,400)VAT registration annual sales threshold. It may introduce a 1% flat-rate scheme for micro businesses. This could imposed significant compliance and administrative burdens

Thailand VAT on low-value imported B2C goods

23 February 2025 in

low-value consignment relief

February 2025: 7% VAT in checkout on low-value consignments of goods imported to consumers From 18th February 2025, Thailand has introduced the obligation to charge VAT on low-value consignments of goods being imported directly to consumers. Any consignment at or below Baht 1,500 was VAT

Thailand cryptocurrency exemption

29 September 2024 in

cryptocurrency

Thai extends VAT exemption Thailand has extended the VAT exemption of cryptocurrencies such as Bitcoin. The new Royal Decree 788 came into force on 25 September 2024. It extends VAT exemptions for the transfer of digital tokens or cryptocurrencies via licensed dealers and brokers which

Thailand shelves 2024 VAT rise to 10%

18 September 2024 in

Oct 2024 VAT rise postponed again; Oct 2025 potential next date The Thai cabinet on 17 September 2024 confirmed that the scheduled rise in VAT from 7% to 10% will not go ahead on 1 October 2024. VAT was cut from 10% to 7% in

Thailand e-invoicing e-Tax and Invoice Receipt update

30 January 2023 in

e-invoices

New incentives to adopt E-Tax System Thailand’s Revenue Authority has approved a number of incentives for taxpayers to fully adopt the E-Tax System, which provides for digital reporting of invoices and withholding tax payments. Incentives include: Additional deduction allowances for costs reporting in the system

Thailand e-invoicing e-Tax and Invoice Receipt

31 July 2022 in

e-invoices

Compulsory reporting of e-invoices to government Thailand now requires taxpayers to submit electronic invoices to the government. The use of e-invoices is not compulsory; but since 2017 when adopted by any taxpayer, they must be submitted with the e-Tax and Invoice Receipt regime. Invoices are

Thailand VAT on foreign digital services September 2021

1 September 2021 in

digital services

Thailand has become the latest country to impose Value Added Tax on non-resident providers and electronic marketplaces of digital or electronic services from 1 September 2021. This includes a VAT registration threshold of THB 1.8million annum (approx. €46,000), after which sellers should register with the

Tag: Thailand

Thailand VAT registration threshold drop proposal

Thailand VAT on low-value imported B2C goods

Thailand cryptocurrency exemption

Thailand shelves 2024 VAT rise to 10%

Thailand e-invoicing e-Tax and Invoice Receipt update

Thailand e-invoicing e-Tax and Invoice Receipt

Thailand VAT on foreign digital services September 2021

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