# Thailand requires reporting of business operator earnings on electronic platforms

- Link: https://www.thailand-business-news.com/tech/ecommerce/125603-thailand-requires-reporting-of-business-operator-earnings-on-electronic-platforms
- Published: 2024-02-07T12:46:51+07:00
- Author: ASEAN Briefing

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.

ADVERTISEMENT

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.

### Related**Posts**

###  󠀁[Indonesia Representative Offices: What They Can and Cannot Do](https://www.thailand-business-news.com/asean/324537-indonesia-representative-offices-what-they-can-and-cannot-do)󠁿

###  󠀁[Digital Economy and E-Commerce: ASEAN’s $1 Trillion Growth Engine](https://www.thailand-business-news.com/asean/323792-digital-economy-and-e-commerce-aseans-1-trillion-growth-engine)󠁿

###  󠀁[Thailand to Tighten Oversight of App-Based Ride-Hailing Services](https://www.thailand-business-news.com/law/330996-thailand-to-tighten-oversight-of-app-based-ride-hailing-services)󠁿

###  󠀁[Thailand teams up with South Korean agencies to work on AI and protect copyrights](https://www.thailand-business-news.com/korea/327881-thailand-teams-up-with-south-korean-agencies-to-work-on-ai-and-protect-copyrights)󠁿

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.