The Revenue Department anticipates that 80-100 large foreign-based digital platform operators that render services to Thai consumers will sign up as value-added tax (VAT) registrants in Thailand after the e-business tax comes into force. These foreign e-business operators, dominating 80-90% of Thailand’s e-business service value, will be willing to register for VAT payment to avoid tarnishing […]
Read MoreTOKYO: Japan and Thailand agreed on Wednesday to work together towards the Southeast Asian country’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as the two nations boost economic cooperation aimed at promoting free trade. In a joint statement issued after a bilateral high-level meeting in Tokyo, Japan reaffirmed its “full support” […]
Read MoreGOOGLE Thailand yesterday launched a series of initiatives, including free high-speed public Wi-Fi, to enable more Thai consumers and businesses to participate in the growth of the digital economy. The initiatives were announced at the first Google for Thailand event, held in Bangkok under the theme “Leave no Thai behind”, aimed at promoting equality of […]
Read MoreThe government has decided to delay implementation of stringent new accounting rules for another year to prevent any adverse impact on businesses. Nuntawan Sakuntanaga, the commerce permanent secretary and chairwoman of the Oversight Committee on Accounting Professions, said Ocap agreed to delay the implementation of International Financial Reporting Standard 9 (IFRS 9) to January 2020. But […]
Read MoreBANGKOK, 17 July 2018 (NNT) – Thailand’s Department of Foreign Trade (DFT) is introducing new Thai entrepreneurs to Cambodian businesses in Phnom Penh to create opportunities for trade with neighboring countries. The department is confident that the program will result in purchase orders worth at least 220 million baht. The delegation of over 100 Thai […]
Read MoreThe Cabinet yesterday approved a proposal to collect VAT from foreign|e-commerce and Internet platforms. It has also given the green light for the collection of a 7-per cent value added tax from foreign vendors and e-commerce platforms, said government spokesman Maj-Gen Sansern Kaewkamnerd. The taxes will apply to those selling goods and services on Internet […]
Read More
Thailand
