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GENERAL

Overseas earnings targeted

Business, Wichit Chantanusornsiri, Published on 19/09/2023

» The Revenue Department has ruled that a person who resides in Thailand for up to 180 days a year and earns overseas income from work or assets will be subject to personal income tax, according to Section 48 of the Revenue Code.

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GENERAL

PM orders sweeping review of taxes

Business, Wichit Chantanusornsiri, Published on 19/09/2023

» Prime Minister Srettha Thavisin has ordered the Finance Ministry to review the new land and building tax, as well as inheritance tax, in an effort to reduce income disparity.

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GENERAL

NESDC outlines nation's transition

Business, Wichit Chantanusornsiri, Published on 19/09/2023

» Over the past five years, economic growth has fallen below the targets set, while over the next two years Thailand will still have to face the challenges and uncertainties of the global economy, said Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), during an annual meeting yesterday entitled "Transitioning Thailand: Coping with the Future".

THAILAND

Pao Tang picked for cash bonus

News, Wichit Chantanusornsiri, Published on 15/09/2023

» The government will use the Krungthai Bank's Pao Tang app for its digital wallet project, said Prime Minister Srettha Thavisin yesterday.

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THAILAND

App picked for digital handout

Wichit Chantanusornsiri, Published on 14/09/2023

» The government will use the Krungthai Bank Pao Tang app for its digital wallet project, Prime Minister Srettha Thavisin said on Thursday.

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GENERAL

Debt relief likely ahead for farmers

Business, Wichit Chantanusornsiri, Published on 11/09/2023

» The Finance Ministry plans to roll out rescue measures by suspending debt payments for a period of three years for small-scale farmers and small and medium-sized enterprises (SMEs) for loan amounts not exceeding 1 million baht, according to a ministry source who requested anonymity.

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GENERAL

Pheu Thai payout to give economy 'B2tn boost'

Wichit Chantanusornsiri, Published on 07/09/2023

» Pheu Thai's 10,000-baht digital currency handout policy will add at least 2 trillion baht of money to the economy and contribute to GDP growth of at least 5% in 2024, said Deputy Finance Minister Julapun Amornvivat.

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GENERAL

Excise Department mulls carbon tax

Business, Wichit Chantanusornsiri, Published on 06/09/2023

» The Excise Department is exploring the idea of a carbon tax for the energy and transport sectors to reduce carbon emissions, says director-general Ekniti Nitithanprapas.

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GENERAL

The untouchable tax

Business, Wichit Chantanusornsiri, Published on 04/09/2023

» Since the introduction of value-added tax (VAT) in Thailand in 1992, no government has dared to increase the rate because of concerns regarding the economic impact, the greater burden in terms of living expenses, and most importantly how politically unpopular such a move would appear.

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GENERAL

Confidence slips amid household debt woes

Business, Wichit Chantanusornsiri, Published on 31/08/2023

» The consumer confidence index dropped to 55.6 in July from 56.7 the previous month as consumers were concerned about household debt, says Fiscal Policy Office director-general Pornchai Thiraveja.