Showing 1 - 10 of 24
Officials to educate public on bitcoin
Business, Wichit Chantanusornsiri, Published on 29/12/2017
» The Finance Ministry will join with other authorities to educate people about bitcoin after the cryptocurrency's roller-coaster ride in recent weeks, says finance permanent secretary Somchai Sujjapongse.
Thailand seeking to crack World Bank top 20 ranking
Business, Wichit Chantanusornsiri, Published on 16/01/2018
» Thailand could crack the top 20 of the World Bank's Ease of Doing Business ranking for 2019 after it managed to jump to 26th-most business-friendly nation in the 2018 ranking, says Prime Minister Office Minister Kobsak Pootrakool.
Cryptocurrencies committee to outline stance this month
Business, Wichit Chantanusornsiri, Published on 02/02/2018
» A working committee on cryptocurrencies is expected to clarify its stance on how to regulate digital currencies by this month, aiming to guard against fraud from investment in the tokens.
Apisak says digital coins will remain legal
Business, Wichit Chantanusornsiri, Published on 08/02/2018
» The government will not ban cryptocurrency trading, says Finance Minister Apisak Tantivorawong, but a regulatory framework to govern digital currencies will become clearer within a month.
Digital asset trading faces 7% VAT levy
Business, Wichit Chantanusornsiri, Published on 15/03/2018
» Investors who make digital-asset-related trades will be liable for a 7% value-added tax (VAT), on top of the 15% withholding tax on capital gains and returns from such investments, when the new law is enforced.
ICOs get 30 extra days to inform SEC
Business, Wichit Chantanusornsiri, Published on 29/03/2018
» A draft version of a royal decree regulating transactions related to digital assets will grant issuers of initial coin offerings (ICOs) 90 days to inform the Securities and Exchange Commission (SEC) of their plans before the law takes effect.
Tax relief for digital assets a non-starter
Business, Wichit Chantanusornsiri, Published on 25/04/2018
» The Revenue Department has rebuffed a request by digital asset operators to scrap a tax-collecting agency's plan to impose a 15% withholding tax on capital gains and returns from putting money into such assets.
Apisak sees signs of capital flight end
Business, Wichit Chantanusornsiri, Published on 20/07/2018
» Thailand's capital flight shows signs of ending, says Finance Minister Apisak Tantivorawong, reiterating that the country's high foreign reserves provide a cushion against the sell-off by foreign investors.
VAT gradually falling short of 2019 target
Business, Wichit Chantanusornsiri, Published on 09/09/2019
» The Revenue Department estimates that value-added tax (VAT) collection will fall short of the target for this fiscal year because of waning domestic consumption and the stronger baht, and the shortfall could extend to next year if the situation remains unchanged.
Uttama seeks two economic panels
Business, Wichit Chantanusornsiri, Published on 26/12/2019
» Finance Minister Uttama Savanayana is set to push for the formation of two committees tasked with handling economic stability and government policies to drive the economy.