Getting a piece of the e-commerce pie
A recent report revealed that the government of Thailand has passed a bill that it hopes will ensure more effective tax collection, especially from e-commerce businesses. The new law will see financial institutions required to report transactions to the Revenue Department of customer accounts which receive either more than 3,000 deposits and money transfers a year or more than 400 deposits and money transfers with a total of at least US$61,087 a year.
