The Revenue Department has collected almost 6 billion baht of e-service taxes from foreign providers during the first ten months of fiscal 2022, surpassing the target by 951 million baht.
Rachada Dhnadirek, deputy government spokeswoman, declared that tax revenue associated with 5. 951 billion dollars was collected through 138 registered providers with a total provider value of 85 billion dollars baht from Oct last year to this Come july 1st.
The particular e-service tax regulation, which took effect in September, needs overseas businesses giving online services within Thailand to register just for 7% VAT responsibility if their annual income surpasses 1 . 8 mil baht.
Ms Rachada mentioned the department has deployed a variety of processes to boost tax selection capacity and effectiveness, which has resulted in an additional 800 million baht.
Techniques such as web scraping and text-mining possess enabled officials to gather more data on online vendors, create tax assessments plus send them notice letters, she stated.
Moreover, officials have collected extra tax revenue of 200 million baht using ideas from the public regarding suspected tax dodgers, she added.
She said officials are getting ready to set up a task power to ensure online vendors pay their fees.
She said the rules more than VAT registration with regard to e-commerce will also be enhanced to reflect the type of the business, and soon operators is going to be allowed to use real estate as business establishments intended for VAT registration.
“The prime minister has prioritised improving tax selection to reflect a changing environment in line with the principles of justness and efficiency, ” she said.