VAT news tagged as "Corporate income tax"

Thailand

Thailand foreign e-services 5% VAT

July 11th, 2017

Thailand has proposed introducing 5% VAT on all non-resident e-services providers selling to local consumers.  This would include eliminating the existing annual threshold of baht1,500. In a public consultation, closing this week, the Thai tax authorities are requesting feedback on indirect taxation on foreign sellers of e-books, streaming media, online journals, SaaS services and apps.  …


Philippines

Philippines 14% VAT proposal

May 26th, 2016

The Philippines has proposed raising its VAT rate from 12% to 14%. In addition, the government is proposing to widen the goods and services which is subject to the indirect tax. The move will help to fund changes to personal and corporate income tax. The proposal have yet to be fully implemented.