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

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

“Even though more Thai tourists are flocking to China after the permanent visa exemption started last year, the outbound ...

This amendment expands the scope of VAT refund eligibility, which was originally introduced in 2020, to now cover six categories of entities. Under the new rules, armed and security forces in all ...

Among the noteworthy developments introduced by CREATE MORE that are covered by RR 10-2025 are the amendments to the provisions of the Tax Code on VAT refunds. In the past, VAT refund claims ...

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 ...

Azerbaijan has refunded over 55.9 million manat ($32.8 million) to consumers under the VAT Refund program between January and April 2025. The refunds covered VAT paid on purchases from retail and ...

Indonesia's underperforming VAT system should bring the informal sector into the tax framework, closing loopholes that cost ...

Director-General Pinsai Suraswadi announced that April's revenue alone reached 171.921 billion baht, a significant 11.052 ...