The baht opened at 32.86 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 32.88. The Thai currency is likely to move between 32.80 and 32.95 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht was testing the key resistance level of 33.00 to the dollar due […]
Read MoreAbout 118 trillion VND (5.16 billion USD) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic. This is part of a draft resolution on some support measures for pandemic-hit enterprises and people discussed by […]
Read MoreCambodia’s hopes of being a member of the world’s biggest free trade bloc as early as Jan 1 may be frustrated by some signatories of the Regional Comprehensive Economic Partnership (RCEP) dragging their heels over ratification. RCEP is the result of eight years of talks. It would create a free-trade bloc covering 30 percent of […]
Read MoreThe Bank of Thailand (BOT) on Monday warned people to be careful when investing in digital currency as they may be at risk of revealing their personal information and unwittingly have a hand in money laundering. BOT governor Sethaput Suthiwartnarueput made this remark at “The Future of Financial System”, a second episode of the Thailand […]
Read MoreMANILA, Philippines — The taxman will investigate 250 high-earning social media “influencers” to check whether they have been paying their taxes, as the government looks to cash in on the exponential growth of the digital economy amid the pandemic. Letters of authority (LOA) for the conduct of a probe have been sent to social media […]
Read MoreThe Ministry of Economy and Finance has issued a prakas introducing new rules and procedures governing value-added tax (VAT) on goods and services provided via e-commerce. The new legislation, dated September 8, primarily targets e-commerce transactions between Cambodian taxpaying consumers and sellers active in Cambodian territory who are non-residents and do not have permanent establishment […]
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