Thailand considering tougher tax collection rules for internet, tech firms
The plans would also cover the mobile transfers and internet payment sector
Thailand considering tougher tax collection rules for internet, tech firms PHOTO: REUTERS
Thailand is studying plans for tougher tax collection rules governing internet and technology firms, according to the head of the country's Revenue Department.
The plans would also cover the mobile transfers and internet payment sector, Prasong Poontaneat, director general of Thailand's Revenue Department, told Reuters. He said a working committee had been set up to find solutions on tax collection for companies such as Alphabet Inc's Google and other technology firms.
Google may face Indonesia tax bill of over $400 million for 2015
"The idea is to seek appropriate solutions for Thailand and it could involve an amendment in some regulations because current laws are outdated and have been used for more than 50 years," Prasong told Reuters, adding that he expects the committee to come up with solutions by the end of this year.
Reuters telephoned and e-mailed Google Thailand for comment, but there was no immediate reply.
Indonesia is pursuing Alphabet Inc's Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided payments, a senior tax official told Reuters last week.
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“Thailand’s problems and Indonesia’s problems are different,” Prasong told Reuters. “Right now it is up to the working committee to come up with a Thai solution.”
The plans would also cover the mobile transfers and internet payment sector, Prasong Poontaneat, director general of Thailand's Revenue Department, told Reuters. He said a working committee had been set up to find solutions on tax collection for companies such as Alphabet Inc's Google and other technology firms.
Google may face Indonesia tax bill of over $400 million for 2015
"The idea is to seek appropriate solutions for Thailand and it could involve an amendment in some regulations because current laws are outdated and have been used for more than 50 years," Prasong told Reuters, adding that he expects the committee to come up with solutions by the end of this year.
Reuters telephoned and e-mailed Google Thailand for comment, but there was no immediate reply.
Indonesia is pursuing Alphabet Inc's Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided payments, a senior tax official told Reuters last week.
Google's AI-powered messaging app finally available in Pakistan
“Thailand’s problems and Indonesia’s problems are different,” Prasong told Reuters. “Right now it is up to the working committee to come up with a Thai solution.”