The Thai cabinet on Monday approved a draft decree regulating digital platform service companies to preserve financial and business stability and avoid harm to the public, a government spokesman said.
Such companies, both inside and outside Thailand, must notify the government before acting, spokesman Thanakorn Wangboonkongchana said in a statement.
The law will apply to various digital platform services, including online marketplaces, social commerce, food delivery, space sharing, car / travel sharing and online search engines, it said.
“They are all becoming increasingly important to the economy and society, so they must be monitored,” said Thanakorn. Last month, the government announced that it would collect VAT from overseas tech companies like Facebook and Google, intermediaries like the transportation app Grab, and streaming services like Netflix.
(Reporting by Panarat Thepgumpanat; Writing by Orathai Sriring; Editing by Christian Schmollinger)
Source US News.