Awsome, that means you can build an bitcoin ATM network in Thailand.
What about tax law? does Thai government treat btc transaction as barter transaction ?
Yes a Bitcoin ATM network would be legal here, as long as it only accepted (and dispensed) Thai baht currency.
Thai corporate tax is based on end-of-year profit, however derived.
Corporate tax WITHHOLDING mostly applies only to B-2-B services transactions, based on category of business.
The main ongoing (transactional) tax for most types of business here is Value Added Tax, or VAT - as 7% of gross selling price. But - the Thai Revenue Department has agreed to treat Bicoin exchange activity as being "an activity similar to a bank" - and thus, instead of being subject to VAT, Bitcoin transactions are subject to Specific Business Tax - which is 3.3% of the marginal gross "profit" realized on the transfer. This is an essential distinction, due to the low profit differential that can realistically be earned.
Cheers!
Bitcoinrealm Thailand