Thailand to start collecting tax from foreign tech firms

Thailand to start collecting tax from foreign tech firms

14 Sept 01:20 Key points summarised by AI

Thailand will begin collecting Value Added Tax (VAT) from foreign technology companies providing electronic services, a move expected to boost annual revenue.
This initiative aims to generate at least 5 billion baht ($154.70 million) in additional revenue, requiring companies with over 1.8 million baht in earnings to pay 7% VAT monthly, with 69 firms already registered.

New home loan scheme aims to boost property sector with Bt125 billion

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.

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