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Thailand requires reporting of business operator earnings on electronic platforms
Thailand's digital economy is projected to reach a gross merchandise value of US$50 billion by 2025 and could become the second-largest in Southeast Asia.
Thailand’s Revenue Department now requires electronic platforms to disclose revenue from business operators, aiming to improve tax collection and promote fair competition.
Thailand’s digital economy is projected to reach a gross merchandise value of US$50 billion by 2025 and could become the second-largest in Southeast Asia.
Since January 1, 2024, Thailand’s Revenue Department has mandated electronic platforms like e-commerce and e-marketplaces to disclose revenue from business operators on their platforms. This is aimed at improving tax collection efficiency and promoting fair competition between local and international sellers.
Electronic platforms must open a special account for each business operator’s revenue data and submit it to the Revenue Department’s electronic reporting system within 150 days of the fiscal year.
The requirement applies only to electronic operators registered in Thailand with annual revenue exceeding 1 billion baht (US $28 million), while those under the supervision of the Bank of Thailand or the Office of the Securities and Exchange Commission are exempted.
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