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SET joins hands with the Revenue Department to expand electronic stamp duty tax payment services
SET News 96/2021
December 2, 2021
SET joins hands with the Revenue Department to expand electronic stamp duty tax
payment services
BANGKOK, December 2, 2021 – Digital Access Platform Co., Ltd. (DAP), a company
under the Stock Exchange of Thailand (SET) group, focuses on creating a digital
ecosystem to serve business operations in the next normal era. The latest
initiative is the expansion of electronic stamp duty (e-Stamp Duty) payment
services covering all 28 instruments. These will provide business operators with
convenient, quick, secure, streamlined and cost-saving solutions. The expanded
services are available from today onwards.
SET President Pakorn Peetathawatchai said that DAP provides a digital
infrastructure to completely support and connect end-to-end digital transaction
processes (Digital Gateway). DAP has recently expanded e-Stamp Duty payment
services in cooperation with the Revenue Department to cover all 28 instruments
from five previously. The e-Stamp Duty services are provided on DAP’s digital
platform with world-class security, which can be applied to both paper and
electronic contracts.
“This collaboration with the Revenue Department has results in the availability
of e-Stamp Duty tax payment services via Application Programming Interfaces
(APIs) covering all instruments. The e-Stamp Duty services will help business
operators save time and reduce risk of stamp duty miscalculations, while no
longer need to pile up the paper stamp duty owing to the 100 percent digital
process. The instant transaction of stamp duty payment aims at creating an open
digital ecosystem to cater to business operations in the next normal world,”
added Pakorn.
Since the e-Stamp Duty service was launched in July 2020, volume have been
growing steadily with more than 10,000 transactions in the third quarter of
2021.The expansion of the e-Stamp Duty services will serve the different needs
of diverse types of business for tax payment i.e. Hire Purchase Agreements, Loan
of Money Agreements, Powers of Attorney, and Proxy for Voting at a Meeting. DAP
is committed to developing digital infrastructure for business operators inside
and outside the capital market to capitalize on state-of-the-art technology in
enhancing their business capabilities.
For additional information or the service application, please contact SET’s
Capital Market Utility department via email address: [email protected].
“SET…Make it Work for Everyone”
Follow us on Twitter @SET_Thailand_EN
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