VAT

A Guide to VAT on Electronic Services Provided to Non-VAT Registrants in Thailand by Non-resident Business Persons has been issued by the country’s Revenue Department. More

New regulations imposing 12% VAT on previously zero-rated goods and services have been issue by the Bureau of Internal Revenue (BIR), the Philippines’ tax authority. More

According to a circular jointly issued by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration on 9 April (Cai Guan Shui No. 26 [2021]), all science museums, natural museums and planetariums open to the public are exempt from import duties and import VAT when importing the following items during the 14th Five-Year Plan period (between 1 January 2021 and 31 December 2025). More

On 31 March, the Ministry of Finance and the State Taxation Administration issued a joint announcement (No. 11 [2021]) on extending the value-added tax (VAT) exemption policy for small-scale taxpayers. More