Digital platforms to be topic to new regulations following draft decree

Digital platform companies will be required to watch numerous new rules in Thailand following cabinet’s recent approval of a draft decree. As reported by Reuters, a authorities spokesperson has confirmed the decree, which will apply to enterprise each in and outdoors of Thailand, is aimed toward sustaining monetary and business stability, in addition to preventing damage to the general public.
Replicate confirmed that enterprise falling into this class might need to notify the government before working. Thanakorn particularly pointed to the rising significance of digital platforms to both the economy and society, which had in flip created “a need to oversee them”.
According to the report, the kinds of digital companies that shall be subject to the regulations will embody on-line marketplaces, social commerce, food delivery, space sharing and ride/car sharing operators, along with online search engines like google.
Banned has attracted increasing consideration from the government in current times. As Reuters stories, the latest measure follows a move to start out collecting VAT from foreign expertise operators, which a senior official had previously suggested is anticipated to boost a minimal of 5 billion baht in additional income yearly..

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