BANGKOK: Thailand’s central bank displayed new banknotes on Thursday on which a picture of King Maha Vajiralongkorn will replace one of his late father, King Bhumibol Adulyadej. The banknotes mark another step in the transition of King Maha Vajiralongkorn, 65, who took the throne in December 2016 and has increasingly asserted his power but has […]
Read MoreA draft bill on e-business tax, a levy on online purchases, advertisements and website rent in Thailand earned by operators with a presence outside the country, will go before the cabinet this month. The draft will require online business operators with a foreign presence to remit value-added tax (VAT) from transactions occurring in Thailand to […]
Read MoreTHE Finance Ministry will soon impose a 7 per cent value-added tax (VAT) on foreign e-commerce transactions in an effort to ensure fair competition between international and local businesses, said the director general of the Revenue Department, Prasong Poonthanet. The department also signalled that it would order a block on the websites of any of […]
Read MoreAn airline, insurance company, postal service, cinema group, and department store are pioneering QR code payment online via credit cards thanks to 2C2P’s Thailand gateway for mobile apps. Piyachart Ratanaprasartporn, chief executive of 2C2P Thailand, a Southeast Asia payment service provider, said 2C2P has been testing QR code payment via credit card with its corporate […]
Read MoreTHE country should seek out new markets and pursue direct trade negotiations with the United States against the backdrop of heightened fears of a global trade war following protectionist moves by Washington, the Thailand Development Research Institute (TDRI) said. Last week, President Donald Trump said that the US will impose tariffs of 25 per cent […]
Read MoreThe Revenue Department has threatened to block giant foreign e-commerce websites if they do not pay VAT taxes. Director general Prasong Poonthanet said on Tuesday the department would this month submit a tax bill covering e-commerce to Finance Minister Apisak Tantivorawong for endorsement before it goes to Cabinet for approval. If the draft law is […]
Read More
Thailand
