On 27 Dec 2023, Thailand's Director-General of Revenue issued a Notification requiring eCommerce platforms to prepare special accounts of online sellers' revenues and report the information to the Thailand Revenue Department.

This Tax Insight summarizes the Director-General's Notification.

The Director-General's Notification

Due to the explosion of online sales of goods and services in Thailand, and the Revenue Department's becoming aware of online sellers not meeting their tax obligations, Director-General Notification dated 27 December 2023 was issued prescribing as follows:

Applicability

Financial years commencing 01 January 2024.

Reportable Information

Reportable information is the revenues that are earned by sellers of goods or services who sell their goods or services online through electronic platforms.

Persons Required to Report the Information

The persons required to report the revenues of the online sellers are electronic platform businesses registered and established in Thailand with incomes:

1. Exceeding 1 billion baht in a financial year, or
2. Exceeding 1 billion baht in a financial year and in a subsequent financial year, not exceeding 1 billion baht.

Method of Reporting

An electronic platform business shall:

1. Prepare the reportable information as a special account according to the Revenue Department's requirements for electronic information, and
2. Submit the prepared special account information to the Revenue Dept by connection to the Revenue Department's electronic system.

Reporting Deadline

An electronic platform business shall transmit the reportable information in the special account to the Revenue Department's electronic system within 150 days from the last day of the electronic platform business' financial year.

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