Proposed functional currency method for tax purposes
TUESDAY, JUNE 26, 2018
THAI REVENUE Department (TRD) recently released draft amendment to the Thai Revenue Code (TRC) to introduce a new functional currency method, which may be adopted by the entities that use functional currency for accounting purposes (eligible entities).
Proposed withholding tax on income from digital assets
FRIDAY, MAY 11, 2018
IN MARCH 2018, the Cabinet approved the draft amendment of the Thai Revenue Code (TRC) to include the definition of ‘digital assets’ and to propose a 15 per cent withholding tax (WHT) on income derived from such digital assets.
BELKIN expects to generate revenue growth in the Thai market by the end of this year. The firm will also come out next month with two new wireless fast chargers to support premium smartphone accessories.