Under this new system, local business operators will be required to report all purchase and sales tax to the Revenue Department.
Satit said that the reports from business operators will be cross-checked with relevant data, a move that will enable the Revenue Department to track the origins and the ends of all transactions.
He stated that the new system will work for business operators who have and haven’t completed the VAT registration.
The Revenue Department Director-General is hopeful that, with sufficient state support both in personnel and equipment, its tax collection will rise at least 30 percent.
