Digital platforms in Thailand face new transparency law, affecting over 1,000 major operators

[snoop1130]

 

A new law issued by royal decree will come into effect on August 21, aimed at regulating digital platforms in Thailand while promoting transparency and consumer protection, according to Digital Economy and Society Minister Chaiwut Thanakamanusorn. The digital platform service law was was first published in the Royal Gazette on December 23, 2022.

 

Upon implementation, digital platforms looking to conduct business in Thailand will have to provide their business information to the country’s Electronic Transactions Development Agency (ETDA) before commencing operations. Existing operators have been given until November 18 to submit their details.

 

With the goal of regulating digital platforms, this decree mandates that large platform operators, based on revenue or the number of users, report key information such as their value of transactions, gross income from their services, the proportion of income from digital platforms operating in Thailand, and user figures to authorities on a yearly basis. Direct business-to-consumer platforms will not fall under the scope of this regulation.

 

Notably, the earlier draft of the decree required foreign operators to designate local representatives. However, the updated version of the digital platforms regulation demands only the appointment of a point of contact to communicate the necessary information, reported Bangkok Post.

 

Approximately 1,000 major digital platform operators including Facebook, YouTube, Google, and numerous e-marketplaces are anticipated to be impacted by this law. Digital platforms required to comply include legal entities earning more than 50 million baht annually and individuals making over 1.8 million baht per year.

 

By Alex Morgan

Caption: Photo Courtesy of Freepik

 

Full Story: https://thethaiger.com/news/business/thai-digital-platform-law-demands-transparency-affects-1000-major-operators

 

-- © Copyright Thaiger 2023-06-22

 

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[Puccini]

I guess this includes Lazada, Amazon, Alibaba and Ali Express, among others.

[hotchilli]

More hurdles?

[metisdead]

A post with a trolling meme has been removed.

[mikebell]

14 hours ago, snoop1130 said:

individuals making over 1.8 million baht per year.

All politicians and most generals!  I can't see them agreeing with transparency.

[h90]

1 hour ago, hotchilli said:

More hurdles?

more bureaucracy more costs more censorship less freedom.... a global trend

[Joseph98765]

what we want 101% of the nation ....is the transparency of where you put all the money all of you have been taking from our taxes.? 

[h90]

46 minutes ago, mikebell said:

All politicians and most generals!  I can't see them agreeing with transparency.

Actually they are servants of the country....the Thai citizen (not we) are their bosses and are entitled to know at least their salaries .... In one big database.

That alone would help...if you earn 30.000 per month and buy every year a new Mercedes than there is a question how it is financed.

[onthedarkside]

Inflammatory post reported/removed along with a reply

[mikebell]

23 hours ago, h90 said:

the Thai citizen (not we) are their bosses and are entitled to

choose their own PM/Government.  The Generals seem determined to prevent this happening.  Transparency is something only applied to other people never to them selves.  Prawit banked 5 mill for the 1st 5 years of service; his annual wage was under ONE!  Then he gave himself immunity!

[h90]

47 minutes ago, mikebell said:

choose their own PM/Government.  The Generals seem determined to prevent this happening.  Transparency is something only applied to other people never to them selves.  Prawit banked 5 mill for the 1st 5 years of service; his annual wage was under ONE!  Then he gave himself immunity!

We have 2023 not 2019....there was an election 2019 in which the Generals won the popular vote.

If Prawit was corrupt for 5 million in 5 years he deserve a reward for the least corrupt politician in Thailand or maybe on the planet....

[mikebell]

23 hours ago, h90 said:

We have 2023 not 2019....there was an election 2019 in which the Generals won the popular vote.

If Prawit was corrupt for 5 million in 5 years he deserve a reward for the least corrupt politician in Thailand or maybe on the planet....

He banked FIVE mill a year for each of his 1st FIVE years.

[Pouatchee]

shopee and lazada are going to have to shut down. i think many sellers wont be bothered and will just stop selling. this means that all businesses will now be required to pay tax on their earnings. somehow this makes me sad. thailand is the last wild west and it now becoming civilised   ????

 

only thing left is to take care of the corrupt sheriffs