Amazon, Facebook face Thai tax crackdown in latest backlash - News Summed Up

Amazon, Facebook face Thai tax crackdown in latest backlash


Amazon, Facebook face Thai tax crackdown in latest backlashThe government considers forcing online giants such as Facebook to collect value-added tax on e-commerce sales. “Current rules put the responsibility on the customer to come to us to pay the value-added tax. The country collected 806 billion baht of value-added tax in 2018, according to official data. Mr Pinsai said the administration is also weighing whether to impose customs duties on low-value cross-border purchases by Thais, which are growing fast. “There’s exponential growth in the revenue of e-commerce in comparison to the flat growth of tax revenue collection,” Mr Pinsai said.


Source: Bangkok Post October 09, 2019 02:26 UTC



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