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THAILAND

Customs chief tries to explain declaration directive

News, Wichit Chantanusornsiri, Published on 08/03/2018

» The Customs Department has tried to allay fears about a request for passengers to declare valuables before leaving the country, saying it is only a voluntary matter designed to help people returning to the country with the same items.

THAILAND

Booze raid ‘was legitimate’

News, Wichit Chantanusornsiri, Published on 20/02/2018

» The Excise Department has denied social media allegations that its officials recently raided a shop in Ratchaburi without a search warrant and unlawfully seized alcohol from the business.

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THAILAND

Excise chief soothes fear over tax on duty-free spirits

Wichit Chantanusornsiri, Published on 19/02/2018

» Director-general of the Excise Department Kritsada Jinavijarana has come out to ease the concern among drinkers that they could later be taxed for duty-free spirits.

THAILAND

Funds urged to invest in OS to curb rising baht

News, Wichit Chantanusornsiri, Published on 19/02/2018

» More money from the Government Pension Fund (GPF) and Social Security Fund (SSF) should be invested overseas to cool down the strong baht, according to the Finance Ministry.

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THAILAND

Govt boasts of an end to poverty through e-cards

Wichit Chantanusornsiri, Published on 12/02/2018

» Measures introduced by the government will lift more than 5 million registered poor people above the poverty line, according to a senior Finance Ministry official.

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THAILAND

Apisak says digital coins will remain legal

Business, Wichit Chantanusornsiri, Published on 08/02/2018

» The government will not ban cryptocurrency trading, says Finance Minister Apisak Tantivorawong, but a regulatory framework to govern digital currencies will become clearer within a month.

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THAILAND

Wage hike to give SMEs tax windfall

Business, Wichit Chantanusornsiri, Published on 01/02/2018

» Small and medium-sized enterprises (SMEs) with annual sales of up to 100 million baht in 17 provinces where the daily minimum wage will be raised by an average of five baht will enjoy a double windfall from the government's measure that lets them deduct expenses for minimum wages.

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THAILAND

Customs floats luxury car tax cut

Business, Wichit Chantanusornsiri, Published on 30/01/2018

» The Customs Department has already proposed lowering the import duty on luxury cars from the current rate of 80% of cost, insurance and freight (CIF) to the Finance Ministry, says an informed source at the department.

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NEWS

Retail prices for cigarettes under review

Business, Wichit Chantanusornsiri, Published on 15/01/2018

» The Excise Department is discussing the legality of prohibiting cigarette importers from setting their retail prices below the prices listed before Sept 16, 2017, the first day the new excise tax came into force.

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THAILAND

Further B3bn in savings bonds ahead

Business, Wichit Chantanusornsiri, Published on 30/12/2017

» The Finance Ministry will offer an additional 3 billion baht in savings bonds to serve public demand after selling 15 billion in one month.