Toxic ICO Taxes: Thailand Stock Chief Slams Regulators for Crippling Crypto-Friendly Startups

2019-5-7 14:24

By CCN. com: Thai startups raising funds by issuing digitized equities/stocks pay more taxes than an average business, according to Prinn Panitchpakdi. The governor of the Stock Exchange of Thailand (SET) said initial coin offering (ICO) startups typically pay 7 percent in value-added (VAT) and a 20 percent in corporate tax.

At the same time, the Thai tax authorities have exempted technology giants like Facebook, Google, and Line from paying VAT. Panitchpakdi believed that such an unleveled field was choking Thailand’s startup ecosystem, for they no longer could experiment freely under a stiffer regulatory and tax framework. “In Singapore, such a

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Источник: ccn.com

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2019 will be a pivotal year for Southeast Asian tech startups

With a rising middle class and a booming tech startup scene, Southeast Asia (SEA) sits where China did 10 years ago — on the cusp of a major economic boom fueled by the tech industry. The only questions over the last few years have been: When will the tipping point be reached, and when will SEA mature from a promising regional market into the next big world economy? I’ve seen promising signs that in 2019, our region may finally reach that tipping point.

2018-12-19 02:00


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