Key official seeks to revoke VAT breakRemoving the value-added tax (VAT) exemption for goods of up to 1,500 baht per parcel and imported through the post is crucial to levelling the playing field for local vendors, particularly small and medium-sized enterprises (SMEs), says the Revenue Department. The VAT exemption is unfair to local SMEs because trade is now borderless and scrapping the privilege will help these small businesses avoid going under, said director-general Ekniti Nitithanprapas. The Revenue Department wants to revoke the tax exemption but must defer to the Customs Department's mandate, he said. For example, the Revenue Department has pushed a draft e-service act that received cabinet approval. The Revenue Department's digital transformation is aimed at not only running working processes on the digital platform, but also speeding up and simplifying the process.

Source: Bangkok Post July 07, 2020 23:26 UTC