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.
Before tax allowance, you should check whether you are eligible for taxation or not because otherwise you will be taxed more than necessary. Knowing that the tax allowance rate is understood to be a reduction based on the tax base only. For example, a tax base of 5% of the price of 15,000 baht will receive a tax allowance of only 750 baht.
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