Gathering insights from multiple trusted sources, the data presented below shows the tax rate details for golf services in select Southeast Asian countries. We aim to help industry experts with a holistic view of the specific taxes imposed on golf and facilitate a comprehensive understanding of the regulatory landscape in SEA.
By delving into these figures, we not only empower stakeholders but also unveil the government's stance on recognizing the economic significance of golf services in shaping their national economies.
Some of the key information we would like to highlight:
Vietnam Golf Services Tax Rate
Vietnam sets the bar high with the region's highest golf service tax rate, which comprises 10% VAT and a 20% SCT (Special Consumption Tax). Despite the high tax rate, in the first 6 months of 2024, golf rounds at golf courses have remained at high levels equivalent to 2019, with many courses recording the highest number of rounds ever. Vietnam is currently recognized as one of the leading countries of golf development in the region.
2. Laos' Golf Service Tax Details
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development. The rate was previously cut to 7% on January 1, 2022And the Tax rates on golf service is 25%.
3. Cambodia' Golf Service Tax Details
Cambodia ranks second in terms of golf service tax at 10% Specific Tax and 10% VAT, accumulating at 21%.
4. Thailand's Taxes on Golf
The lowest golf service tax rate is in Thailand. The standard VAT rate in Thailand is 10%, but the government decided to reduce it to 7% until September 30, 2024. Thai companies can request a 3% withholding tax for using golf services in Thailand.
Other countries: Indonesia, Malaysia, Singapore maintain tax rates ranging from 8% to 12%. The majority are expected to maintain these rates for the long term. Indonesia, however, is planning to increase the tax rate for golf services from 11% to 12% starting from January 1, 2025.
In The Philippines, after some years of protest by The Federation of Golf Clubs of Philippines, this paved the way for The Supreme Court declaring Revenue Memorandum Circular No. 35-2012 invalid, ruling that membership fees and assessment dues collected by recreational clubs are not subject to income tax and value-added tax (VAT).
Source: Vietnam Briefing; Montgomerie Links Vietnam; Worldwide Tax Summaries; Inland Revenue Authority of Singapore; PAJAK Indonesia; Avalara; Pineapple Valley Golf Course Thailand; LAGUNA Nation Golf Resort Singapore; Tanjong Puteri Golf & Resort; Luang Prabang Golf Club; Vattanac Golf Resort; Pradera Verde Golf & Country Club.
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