The Thai Digital Asset Association said on Sunday that it will write to the Revenue Department on Monday to seek clarification on collecting withholding tax on profits made from cryptocurrency. The association’s president, Suppakrit Boonsat, said the Revenue Department is still looking into the taxes it should apply and the association is seeking to discuss […]
Read MoreThe Thai baht slipped for a second session on Friday to its lowest in two weeks, leading declines along with the Philippine peso as pressures from an increasingly hawkish United States Federal Reserve weighed on risk-sensitive Asian markets. The Indonesian rupiah snapped a four-day losing streak to appreciate 0.2%. It lost 1% since the start […]
Read MoreThe suspension of the Test & Go no-quarantine programme for air travellers has been extended indefinitely, but three provinces will be added to the sandbox scheme that currently applies only to Phuket. The decisions were made at a top-level policy meeting on Friday, with the government opting for a compromise between needed tourism revenue and […]
Read MoreThe Revenue Department is in talks with digital asset exchanges to enable the latter to collect withholding taxes on cryptocurrency profits, says department spokeswoman Sommai Siriudomset. The move is intended to make trading more convenient. Cryptocurrency buyers currently have a duty to collect the 15% withholding tax from the profit gained by the sellers in […]
Read MoreThe prolonged suspension of the Test & Go scheme could cost the tourism sector at least 7 billion baht in January and shatter tourism confidence in the long run, according to the Tourism Council of Thailand (TCT). Chamnan Srisawat, TCT president, said the unclear future of the Test & Go scheme not only caused a […]
Read MoreMore pork imports are being mulled as another option to curb the problem of rapidly escalating pork prices, the Swine Raisers Association of Thailand (SRAT) says. Niphat Nuanim, vice president of the SRAT, suggested this on Thursday as a temporary measure to ease the impact on consumers. “But in doing so, the government would have to […]
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