Tax News No. 261 September 2018
Index of legal movement in relation to business
Topix
VAT Collection from e-Business operator in Foreign Country.
Lately, Cabinet Resolutions have been passed on dated 17 July B.E.2561 (2018). The Cabinet had approved the principle of the draft of the Revenue Code Amendment Act (No…..) B.E……. governing “VATCollection from e-Business operator in Foreign Country” according to the suggestion by the Ministry of Finance and submit to the Office of the Council of State for consideration.
The draft of this act has essential parts as follows: –
1. To prescribe the procedures on sending the summons or the notice of tax payment or the letter which is send to any person who is staying out of the Kingdom which engages in e-business that has to pay tax.
2. To prescribe the tax rate which is used to calculate VAT for e-services to client who is not the VAT registrant.
3. To prescribe the rules, procedures and conditions for VAT payment of the operator who is staying out of the Kingdom which engages in business of e-services to client who is not the VAT registrant and using such services in the Kingdom and being the owner of plat form (Plat form, the owner of computer program or the owner of website) and disallow such operator which is VAT registrant must not collect VAT from the buyer of goods or service.
4. To prescribe to filing tax return and tax payment of the operator who is staying out of the Kingdom and the owner of plat form filing tax return and tax payment through internet network on website of the Revenue Department.
5. To prescribe to the operator who is staying out of the Kingdom and the owner of plat form which has to pay VAT which has the values of tax based according to the Royal Decree on filing in accordance with the rules, procedures and conditions prescribed by the Director-General.
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