Thailand is planning to introduce a value-added tax on e-commerce companies in 2020 in a bid to collect BHT3bn ($98m) to BHT4bn each year, announced Ekniti Nitithanprapas from the Revenue Department. The direct selling of goods to customers via platforms such as Facebook, Instagram and Japan's Line Corp more than doubled to BHT334.2bn in 2017, according to Thailand's Electronic Transaction Development Agency. Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Simon Cameron-Moore In India, online retail sales are expected to grow at an annual rate of over 30% by 2021, with Amazon India leading the way.
Thailand is planning to introduce a value-added tax on e-commerce companies in 2020 in a bid to collect BHT3bn ($98m) to BHT4bn each year, announced Ekniti Nitithanprapas from the Revenue Department. The direct selling of goods to customers via platforms such as Facebook, Instagram and Japan's Line Corp more than doubled to BHT334.2bn in 2017, according to Thailand's Electronic Transaction Development Agency. In India, online retail sales are expected to grow at an annual rate of over 30% by 2021, with Amazon India leading the way.