It has been reported that on Wednesday in Thailand, a ban was issued against cryptocurrencies being used as payments alongside other digital assets which will be in effect by next month in a bid to maintain stability in financial markets.
Accounting & Legal in Thailand
The e-Service law does not increase the tax burden of service users in Thailand. Since the law previously required that service users in Thailand, whether they are VAT registered operators or those who do not register VAT, must submit VAT from using services from abroad. The general public (without VAT registration) is not obliged to file a VAT return and remitting VAT to The Revenue Department anymore.
Thailand’s economy has seen a growing state in the modern area and is characterized by steady growth, strong exports, and a strong consumer market. With Thailand’s great location in Asia, they offer great rewards not only in Asia, but for countries around the world
