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Thailand: VAT reverse charge scheme in the pipeline

The Revenue Department is planning to launch a value-added tax (VAT) reverse charge scheme in the scrap metal industry to reduce the risk of refund fraud by January 2024, says director-general Lavaron Sangsnit. He said more than half of the fake VAT invoices were issued by scrap metal businesses to be used as evidence for […]

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Thailand: Consumers upbeat for 13th month

Consumer confidence rose for a 13th straight month in June and posted the highest level in 40 months since March 2020, driven by a resilient tourism sector and increasing agricultural product prices. However, there is still concern about uncertainty in the political arena, said the University of the Thai Chamber of Commerce (UTCC). The UTCC reported […]

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Vietnam’s potential for Halal industry untapped

Only a handful of Vietnamese enterprises have taken advantage of expanding the Halal industry in general and increasing demand for Halal food in particular to boost exports, heard at a workshop held on July 13 in Ho Chi Minh City. Nguyen Tuan, Deputy Director of the Trade and Investment Promotion Centre of Ho Chi Minh […]

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