Effort to ease digital wallet merchant rules

Quick Summary:

The Finance Ministry is looking into easing the cash out requirements for merchants participating in the digital wallet scheme to enhance accessibility and boost its appeal.

Eligible recipients for the government's cash handout scheme flocked to withdraw money from the Bank for Agriculture and Agricultural Cooperatives.

However, there are additional conditions that only tax-registered merchants (value-added tax, corporate income tax or personal income tax under Section 40 of the Revenue Code) can cash out, unless the merchant is exempt from tax according to the Revenue Code.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Income People Merchants Programme Government Cash Paopoom Digital Funds Scheme Wallet

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 06:14:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26109101

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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