Thailand’s new VAT regulations on imported goods, implemented to ensure fair trade and protect local producers, are a significant development for the country’s economy. Thailand’s Customs Department is set to implement a new policy, starting from May 2024, that will charge value-added tax (VAT) on all imported goods sent through postal services, regardless of their value. According…
Toyota has launched electric songtaews in Pattaya for testing ahead of mass production of electric Hilux pickup trucks by 2025 Toyota Motor Thailand has launched a public transport pilot project in Pattaya featuring nine all-electric Hilux Revo pickup trucks. The initiative demonstrates the Japanese automaker’s growing efforts to compete with Chinese companies, which have significantly…
The spread of cashless payments through PromptPay’s electronic payment system in Thailand is set to reach a record high in 2023 The Bank of Thailand’s 2023 year-end report said financial transactions passing through PromptPay, Thailand’s national electronic payment platform, reached a new high in 2023, while the number of cash transactions declined markedly. In December…
Phuket authorities propose designating the province as a particular administrative region to collect and distribute tax revenue independently. Phuket’s governor has proposed designating the island province as a particular administrative region to gain more authority over tax collection and budget allocation. This would allow Phuket to develop on par with Bangkok and Pattaya regarding the…
Following an explosion and fire at a chemical warehouse in Thailand, there are calls for buffer zones to separate industrial areas from tourist areas. Tourism operators in Thailand’s Rayong province have called for buffer zones to clearly separate industrial areas from tourist zones, as this week’s explosion at a chemical warehouse in the province has…
Due to the increased number of court cases involving tourists in Phuket, the Phuket Provincial Court has reopened a special section for tourists. The Bangkok Post reported that the Phuket Provincial Court had reopened a tourist section to help visitors to the province settle court cases following an increase in tourist traffic and a recent…
Developers are proposing to increase condominium ownership quotas for foreigners in tourist areas as demand for property in Thailand rises. Foreign condominium ownership quotas are to be increased in some areas of Thailand to stimulate the economy, as demand from foreign buyers last year is expected to continue to rise this year, according to the…
Thai authorities are blocking access to unauthorised crypto platforms to fight cybercrime and urging users to withdraw assets urgently. According to a report published on the Securities and Exchange Commission of Thailand’s website, Thai authorities have decided to block access to all ‘unauthorised’ cryptocurrency platforms to increase the effectiveness of law enforcement agencies in addressing…
The Thai government has reduced the 90-day visa-free stay for Russian citizens to 60 days starting from 1 May, effective from November 2023 Thai Prime Minister Settha Thavisin said following a cabinet meeting that the Thai government has unilaterally adopted a 60-day visa-free regime for Russian citizens, effective 1 May. ‘The Cabinet approved the Ministry…
Thailand is alarmed by a surge in tourist numbers and proposes a 300 baht tourist levy to combat excessive tourism. Fearing an over-tourism problem facing popular tourist destinations, Thailand’s tourism operators are urging the government to consider the kingdom’s capacity seriously. Some are proposing a 300 baht tourist tax in an attempt to tackle the…