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Thailand: SEC schedules hearing for cryptocurrency trading

The Securities and Exchange Commission (SEC) is conducting a public hearing this month to determine qualifications for investors wanting to open a cryptocurrency trading account. New investors are flocking to the cryptocurrency market, says SEC secretary-general Ruenvadee Suwanmongkol. The qualifications for cryptocurrency traders are to ensure new retail investors opening crypto trading accounts have sufficient […]

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Thailand: Hotels urge CCSA to lift booze ban

Hotel operators want the Centre for Covid-19 Situation Administration (CCSA) to lift the ban on drinking alcohol at hotels so they can compensate for weaker occupancy rates with F&B revenue. Poor tourism sentiment has led to fewer bookings, generating less revenue for hotels. But some properties have outlets serving outside guests and have survived by […]

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Thailand: Foreign e-service firms liable for VAT

Starting on Sept 1, overseas businesses providing online services in Thailand will be required to register for the 7% value-added tax (VAT) liability if their annual income exceeds 1.8 million baht, according to a Revenue Department official. The e-service tax has been approved by parliament and published in the Royal Gazette. E-service businesses liable for the […]

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Thailand: State plan to aid e-commerce

The Electronic Transactions Development Agency (ETDA) is gearing up to develop digital infrastructure, upgrade e-transaction rules, improve e-transaction system standards and promote digital knowledge among the public as part of its 2021-22 strategic plan. The draft plan was revealed when ETDA recently held an online conference to gauge feedback from 70 state and private organisations. […]

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