Operators call for lower e-commerce taxes in Thailand
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Thai e-commerce operators are urging the government to impose lower rates of taxation in order to encourage them to enter the revenue system and pay proper taxes.
Offering lower rates to small and medium-sized enterprises could also encourage them to go online and promote the development of the digital economy, says Somwang Luangphaiboonsri, secretary of the Thai e-Commerce Association.
E-commerce in Thailand is burgeoning and the government’s policy to move towards a digital economy is expected to paint a rosy picture for the sector, he said.
Questions & Answers
Q.What is the primary request being made by Thai e-commerce operators to the government?
What is the primary request being made by Thai e-commerce operators to the government?
Thai e-commerce operators are asking the government to implement lower tax rates. This is intended to encourage them to join the revenue system and pay appropriate taxes.
Q.Who suggested that lower tax rates could benefit small and medium-sized enterprises?
Who suggested that lower tax rates could benefit small and medium-sized enterprises?
Somwang Luangphaiboonsri, secretary of the Thai e-Commerce Association, suggested this. He believes it could encourage SMEs to go online and foster the digital economy's growth.
Q.What is the current state of e-commerce in Thailand, according to the article?
What is the current state of e-commerce in Thailand, according to the article?
E-commerce in Thailand is currently experiencing rapid growth. The government's policy to transition towards a digital economy is expected to create a very positive outlook for the sector.
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