The BOI has added ‘The modification of software, digital platforms, or digital content’ to the targeted type of business. As a condition, the companies are required to invest a minimum of THB 1.5 million Baht in Thai IT personnel, etc. to be eligible for promotion.
The Cabinet has approved in principle the new platform economy law, which is expected to be a new legislative piece to standardize and broaden the supervision of digital platform services in Thailand from that of the current relevant royal decree. We summarize key approved principles in this client alert. Read more…