Thailand Tax Agency Explains Input Tax Deduction Procedure for VAT

The Thai Revenue Department Jan. 13 clarified the input tax deduction procedure for VAT. The clarification explains that input tax deductions aren’t allowed, in cases of: 1) transfers of collateral assets for settlement of debts; and 2) specified company sales of assets to a trustee, under a resale clause. [Thailand, Revenue Department, 01/13/23]

Reference: View Clarification. View Index.