THE REVENUE Department will waive value-added tax for people trading in cryptocurrencies on exchange markets approved by the Securities and Exchange Commission (SEC). A law governing cryptocurrency transactions came into force on Monday, drawing criticism that it would prove an obstacle to technology startups that want to raise funds with the cheaper costs from initial […]
Read MoreTaxation threatens to hamper startups, sec is told, as it seeks to regulate digital assets NEW TAX measures aimed at curbing the Thai initial coin offering (ICO) market will adversely affect the economy as the measures could drive investors and entrepreneurs overseas, according to experts. The Royal Gazette this week announced a new set of […]
Read MoreThe Revenue Department will waive value-added tax for people trading in cryptocurrencies on exchange markets approved by the Securities and Exchange Commission (SEC). A new law governing cryptocurrency transactions came into force yesterday (May 14). Saroch Thongpracum, the department’s director of legal affairs, said on Tuesday it would issue a regulation waiving the 7-per cent […]
Read MoreTHE country could lose as many as three million jobs over the next 20 years if it is unable to adapt to and use disruptive digital technologies, the Thailand Development Research Institute (TDRI) president, Somkiat Tangkitvanich, warned yesterday. At the TDRI’s annual conference, Somkiat said disruptive technologies could prevent the economy from growing at an […]
Read MoreTHE MONETARY Policy Committee, in its meeting on May16, is expected to maintain the policy rate at 1.5 per cent as the country’s economic growth continues with inflation under control, analysts said. Bank of Ayudhya’s executive vice president Somprawin Manprasert said that the bank believes the Monetary Policy Committee will maintain the policy rate at […]
Read MoreTHE Federation of Thai Industries (FTI) is digging on its position that the current wholesale price for electricity is too low for small operators in renewable energy. The industry lobby sees room for an increase – from Bt2.44 per unit – to a level below that which starts to affect ordinary consumers. If the purchase […]
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