accountants and business advisers
13 Nov 2017
As we move towards Thailand 4.0 and consider the impact of the Digital economy, a question which is often raised is where and how should companies who are operating across borders in the digital age, pay tax. Such companies are burgeoning as on-line shopping becomes more and more popular in Thailand. Perhaps a leading indicator are proposals coming in the European Union. The European Commission has announced that it is launching a new EU agenda to ensure that the ‘digital economy’ is taxed in a fair and growth-friendly way. The concerns that they are seeking to address result from a tax framework that has struggled to keep pace with modern realities. The right of a jurisdiction to tax profits has traditionally relied on a taxpayer having physical presence in that jurisdiction. This article includes a link to the EC proposals.
Full article is here.
View the full EC proposals and the CIOT’s response at the followings links:
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