Stores rejecting Thailand’s co-payment scheme fearing back taxes

Several eateries and stores have put up signs, saying that they do not accept payment via the Government’s 50:50 co-payment stimulus scheme because they are afraid that revenue officials may…

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According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by Quantitatives.io)

Taxing cryptocurrency trading — an uncharted course

The digital assets industry is up in arms over the Revenue Department’s plan to levy tax on capital gains or benefits derived from cryptocurrencies and other digital asset transactions. With…

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How a proposed tax on share trading will affect investors

The Finance Ministry is considering levying a financial transaction tax (FTT) on stock trading next year, but a decision will depend on economic conditions, Finance Minister Arkhom Termpittayapaisith revealed recently….

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e-tax e-service
(Photo by Claudio Schwarz)

Almost 100 global platforms ready to pay e-tax

Amid a sharp decline in tax collections due to COVID-19, Thailand’s newly levied e-service tax has emerged as a welcome source of revenue for the exchequer. The 7 percent value-added…

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Photo by LOIC VENANCE / AFP

Backlash over new regulation classifying tampons as a cosmetic product

There has been some online backlash today (Thursday), soon after the government passed a new regulation which categorises tampons as a cosmetic product, causing the widespread belief that the product,…

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(Photo by PORNCHAI KITTIWONGSAKUL / AFP)

Tax hikes may be unavoidable in post-COVID economy  

COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…

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US Supreme Court to take on Trump taxes and presidential immunity

Can Donald Trump refuse to turn over his tax returns and financial records to Congress and New York prosecutors? The Supreme Court takes up this politically charged question on Tuesday,…

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