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Good start on digital tax
News, Editorial, Published on 06/09/2021
» Over the past few years, concerns have been raised that the traditional tax structure is unable to catch up with rapid growth in the digital economy. Digitalisation has weakened the ability of governments to collect tax as a result of cross-border transactions.
EU states spar over digital tax
Published on 08/09/2018
» VIENNA: Germany has called for more time to agree on a European Union tax overhaul to raise levies on large digital firms, although its finance minister says a solution is needed soon.
Tax measures to incentivise digital training
Business, Suchit Leesa-nguansuk, Published on 01/11/2024
» The Digital Economy Promotion Agency (Depa) will promote tax incentive measures to encourage individuals to personally upskill themselves in the field of digital knowledge.
Zuckerberg wants 'new framework' for digital tax
AFP, Published on 14/02/2020
» PARIS: Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his own paying more to national governments.
Asia's digital economy needs consensus on tax
Oped, Published on 25/09/2020
» Over 135 countries, led by the Organisation for Economic Co-operation and Development (OECD), are working hard to build a multilateral consensus around international tax issues arising from the growth of the digital economy. This consensus is sought through the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS).
Singapore will tax digital services from 2020
Published on 21/02/2018
» SINGAPORE: Businesses providing digital services, such as the streaming of entertainment content, will have to pay the Goods and Services Tax (GST) from Jan 1, 2020, Finance Minister Heng Swee Keat said.
Customs launches digital tax coupon for traders
Business, Wichit Chantanusornsiri, Published on 21/08/2021
» The Customs Department's online payment system has been completed and the digital tax compensation system is slated to begin on Sept 21, says director-general Patchara Anuntasilpa.
Businesses urged to use digital tax system
Business, Wichit Chantanusornsiri, Published on 04/07/2023
» The Revenue Department is encouraging entrepreneurs to use the digital tax system, which will make value-added tax (VAT) refunds five times faster than they currently are, says the director-general Lavaron Sangsnit.
EU to unveil digital tax targeting Facebook, Google
AFP, Published on 21/03/2018
» BRUSSELS: The European Union will unveil proposals for a digital tax on US tech giants on Wednesday, bringing yet more turmoil to Facebook after revelations over misused data of 50 million users shocked the world.
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.