Thailand’s revenue department plans to increase its tax collections and its working committee is looking into blocking tax loopholes that are exploited by tech firms.

Internet and tech companies based in Thailand could potentially face increased scrutiny as the country is in the process of studying plans for tougher tax collection norms.

According to Prasong Poontaneat, director general of Thailand Revenue Department, these plans cover companies whose business is to transfer money from mobiles as well as the internet payment sector.

A working committee has been set up to find solutions to issues revolving around online payments technologies. This could impact the tax profile of Google and other technological firms.

“The idea is to seek appropriate solutions for Thailand and it could involve an amendment in some regulations because current laws are outdated and have been used for more than 50 years,” said Prasong. He went on to add that the working committee is expected to come up with solutions by the end of this year.

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