Monthly Archives: November 2019

Thai government to use blockchain for VAT refunds, bonds, procurement

Proudly contributed by Ton

Yesterday, Thailand’s Ministry of Finance announced three blockchain projects spearheaded by four agencies and in co-operation with Krung Thai Bank. The ministry has signed agreements to develop the initiatives and boost efficiency through the digitalization of processes. Tourist VAT Refunds The first project is for issuing value-added tax (VAT) refunds for tourists. According to the […]