Thai PM Calls for Investigation into Temu's Market Operations
Prime Minister Srettha Thavisin has called for an investigation into the operations of the Chinese e-commerce platform Temu in Thailand amid concerns about tax compliance and profit repatriation. During his visit to Narathiwat, Srettha expressed worries about untaxed profits being sent back to China. He has directed the Revenue Department and the Ministry of Digital Economy and Society to look into the matter, emphasizing the need for continuous investigations and legal measures to protect local businesses.
Prime Minister Srettha Thavisin has called for an investigation into the operations of the Chinese e-commerce platform Temu in Thailand amid concerns about tax compliance and profit repatriation.
During his visit to Narathiwat, Srettha expressed worries that profits may be sent back to China without being taxed in Thailand.
He has instructed the Revenue Department and the Ministry of Digital Economy and Society (DES) to look into the matter.
Measures to enforce local tax laws and prevent market encroachment are being discussed to protect small and medium-sized enterprises.
Srettha emphasized the importance of adapting to rapid technological advancements and ensuring continuous dialogues and investigations by the DES, the Royal Thai Police, and the Revenue Department.
He asserted that any proof of government officials' involvement in the issue would be met with decisive legal action.