Law & Taxes

Foreign labour cap set at 20% under new law

Foreign labour cap set at 20% under new law

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BANGKOK: A new law to take effect on July 1 will cap the number of migrant workers which companies and industries can hire at 20% to protect Thai labourers as the government moves to free up skill shortages in some areas while also ensuring foreigners do not force Thais out […]

Move to ensure slick end to deceptive ads

Move to ensure slick end to deceptive ads

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BANGKOK: The National Broadcasting and Telecommunications (NBTC) and the Food and Drug Administration (FDA) have come up with a way to fast-track the removal of advertisements of substandard products from television and social media. The NBTC and the FDA yesterday agreed to introduce a “fast-track regulatory enforcement” in stopping advertisements […]

Direct sales comes under scrutiny

Direct sales comes under scrutiny

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PHUKET: The Thai Cabinet has approved a move by the Office of Consumer Protection Board (OCPB) to enforce mandatory deposits on all persons and companies trading online in direct sales and marketing. Government Spokesperson Lt Gen Sansern Kaewkamnerd confirmed that the approval came on Feb 20, when the Cabinet approved […]

E-commerce sites will be blocked if they don’t pay local VAT

E-commerce sites will be blocked if they don’t pay local VAT

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Do you shop online? Plenty do, and increasingly retail is heading offshore and the main winners are Thai Post. A legal loophole, allowing foreign e-commerce companies to avoid paying Thai VAT, may soon be plugged with new legislation. But the Thai Revenue Department is threatening to block giant foreign e-commerce […]

Phuket rental companies to be fined if found renting to unlicenced drivers

Phuket rental companies to be fined if found renting to unlicenced drivers

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PHUKET: Phuket Provincial Police Deputy Commander Col Sermpan Sirikong has confirmed that vehicle rental operators who allow drivers to rent a vehicle without the required driving licence must be fined B2,000. Col Sermpan made the announcement yesterday (Feb 27) at a meeting held at Provincial Hall where he, Phuket Governor Norraphat […]

KTB shuts down crypto trade accounts

KTB shuts down crypto trade accounts

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BANGKOK: Krungthai Bank has become the second financial institution after the Bangkok Bank to terminate transactions involving cryptocurrencies trading with Thai Digital Asset Exchange (TDAX), following a Finance Ministry order. As chairman of Krungthai Bank, Somchai Sujjapongse, permanent secretary of the Finance Ministry, ordered the state-owned financial institution on Monday […]

Patong restaurant manager arrested over overinflated prices

Patong restaurant manager arrested over overinflated prices

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PHUKET: Officials on Friday (Feb 23) arrested a Patong seafood restaurant manager who has been selling overpriced shrimp dishes to Chinese tourists. The arrest of Kanyanat Chookaew, 26, was announced by officials at a press conference held at 2pm yesterday (Feb 25) at the Phuket Tourist Police Station and attended […]

Thailand to launch ICO, cryptocurrency rules in March

Thailand to launch ICO, cryptocurrency rules in March

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BANGKOK: The Thai Securities and Exchange Commission (SEC) is set to introduce new regulations to supervise initial coin offerings (ICOs) and cryptocurrencies in March, while reiterating that investment in such financial instruments carries hefty risks, especially for small investors. The SEC expects to issue the regulatory framework over the next […]

Depa to start verifying ‘Smart Visa’ applications from Thursday

Depa to start verifying ‘Smart Visa’ applications from Thursday

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BANGKOK: The Digital Economy Promotion Agency (Depa) from Thursday (Feb 1) will start verifying Smart Visas for experts and investors in startups and digital business, offering a four-year work permit. “Depa will verify qualified persons for the Smart visa, an initiative approved by the cabinet to reduce the shortage of […]

Phuket Immigration chief urges foreigners to re-register addresses, even if staying off-island just one night

Phuket Immigration chief urges foreigners to re-register addresses, even if staying off-island just one night

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PHUKET: The Chief of the Phuket Immigration Office, Col Kathathorn Kumthieng, has confirmed that all foreigners registered as living in Phuket must re-report their address to immigration after being registered as staying in a hotel within Thailand, even for just one night. The confirmation follows complaints from long-term expats that […]