VAT

Retail Asia18/01/2022

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1. The decree on tax reduction to foster economic recovery approved by the National Assembly will also make expenses on pandemic prevention deductible. The VAT cut will lead to a loss of some […]

Retail Asia21/12/2018

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According to the announcement by the government’s Reveue Department regarding ‘Downtown VAT Refund for Tourist’, the campaign has kickstarted an initiative to set up counters in numerous locations across central Bangkok to help tourists proceed with VAT refund upon shopping at permitted VAT refundable retailers. VAT refund will be returned to tourists in the form […]

Retail Asia23/01/2017

On December 28, Taiwan’s President Tsai Ing-wen signed into law the amendment to the Value-Added and Non-Value-Added Business Tax Act to impose tax on foreign online sellers’ supplies to Taiwanese consumers. The amendment is intended to raise additional revenues and level the playing field for Taiwanese bricks-and-mortar retail and service businesses. The Ministry of Finance […]

Retail Asia30/11/2016

Tax-free specialist Global Blue has partnered with the Bank of China to launch a VAT refund service to overseas tourists in Shanghai. Travellers in Shanghai are now able to save 9% on their purchases as China has introduced its first tax-free shopping scheme for foreign visitors. The scheme will be among the first of its […]

Tag: VAT

Value-added tax to be cut to 8 pct from February

Now tourist can claim VAT refund in downtown Bangkok

Taiwan’s VAT On Online Retailers Becomes Law

Global Blue collaborates on Chinese VAT refund scheme