Thailand’s tourism sector is facing fresh uncertainty as Chinese group tours—once a powerful economic driver—remain ...

The Thai Retailers Association (TRA) wants the government to introduce an instant VAT refund scheme for tourists and set up a free-trade-zone sandbox in tourist destinations such as Phuket ...

As Chinese tourist numbers dwindle, Thailand — and Pattaya in particular — is looking for new markets to keep its ...

A key feature of the invoice-credit form of value-added tax (VAT) is that some businesses- notably exporters-will pay more tax on their purchases than is due on their sales, and so can seek refunds of ...

A previous IMF Working Paper on value-added tax (VAT) refunds (WP/07/31, by Keen and Smith) describes the main forms of VAT noncompliance and concludes that VAT is susceptible to evasion and fraud ...