Economy and commerce
E-payment tax to take effect in 2020
The e-payment law, a tool for the Revenue Department to tax the income of non-salaried earners, particularly online vendors, will go into force from Jan 1, 2020. It takes time to link systems between the Revenue Department and financial institutions, so the money transfer reporting ...
Wichit Chantanusornsiri
Internet economy continues strong gains
Thailand’s internet economy ranked No.2 in Southeast Asia, worth US$ 12 billion (394 billion baht) in 2018 out of $72 billion in the region, thanks to growth of the e-commerce and online media sectors, according to the latest Google-Temasek report.Keep reading ...
Suchit Leesa-Nguansuk
E-commerce players up in arms over tax
The government’s tax collection policy is threatening the growth of e-payments and discouraging a cashless society, say e-payment and e-commerce proponents. The Bank of Thailand reported that the value of e-payments in June 2018 was 38.94 trillion baht, up from 33.56 trillion a year earlier. ...
Suchit Leesa-Nguansuk
National economy to grow steadily: FPO
Fiscal Policy Office (FPO) Director Lawaron Saengsanit has confirmed that the national economic situation reflects the growth of Gross Domestic Product. However, analysis of the overall economic situation requires economic stability which is reflected in other economic indicators, such as inflation.Keep reading ...
Supawadee Wangsri
‘Economy unlikely to benefit’ from shopping tax break for middle class
The shopping tax allowance to be announced next week by the government will satisfy the middle class, but will do little to boost the overall economy, a prominent economist said Wednesday (Nov, 28).Anusorn Tamajai, dean of Rangsit University’s Economics Faculty, said the year-end shopping scheme ...
Wichit Chaitrong
Thailand has huge mobile potential
Mobile is the future, and this is especially the case in ASEAN member states. As a matter of fact, e-commerce logistics management platform, Parcel Perform, recently noted that emerging markets like Myanmar and Thailand are seeing rapid growth in mobile marketing. A case in example ...
Sheith Khidhir
BoI gives nod to projects in Deep South
The Board of Investment (BoI) has approved two projects — a hospitality business and coconut oil production — in Nong Chik district, Pattani province, with a combined value of 620 million baht. Keep reading ...
Lamonphet Apisitniran
Research finds investors paying less attention to tax incentives
Research by economists has found that tax incentives are no longer the main consideration of investors, who are now paying more attention to basic infrastructure and the governance of investments.Keep reading ...
Itiporn Lakarnchua
FTI strikes bullish note on 2019 despite trade worries
The Federation of Thai Industries (FTI) is optimistic that the domestic economy in 2019 will gain from the general election and public investment, even as the trade spat between the US and China pressures the country’s export outlook. Keep reading ...
Piyachart Maikaew
BoI offers incentives to meet Bt300-bn EEC target
The Board of Investment (BoI) maintains its Bt300 billion total investment target in the Eastern Economic Corridor (EEC) by the year-end and is releasing new investment packages to woo investors.Keep reading ...
Phuwit Limviphuwat
