Showing 1 - 10 of 21
Preparing for the golden years
Business, Wichit Chantanusornsiri, Published on 13/04/2024
» The government’s ability to successfully push through the draft National Elderly and Basic Pension Act to garner a first reading — the first stage of a bill’s passage — or acceptance of the principle of the bill from the House of Representatives is considered a crucial cornerstone for building a support system for Thailand’s elderly population.
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.
Excise eager to close booze tax loopholes
Business, Wichit Chantanusornsiri, Published on 14/08/2023
» The Excise Department plans to restructure the excise tax on liquor and beer to close loopholes, says director-general Ekniti Nitithanprapas.
Protests won't hurt stimulus schemes, says finance chief
Business, Wichit Chantanusornsiri, Published on 20/10/2020
» Ongoing anti-government protests are unlikely to affect the government's spending stimulus measures, says the Finance Ministry.
Shopping handout measures underway
Business, Wichit Chantanusornsiri, Published on 06/10/2020
» The Finance Ministry is preparing to roll out a tax rebate and cash handout incentives to shore up consumer spending.
Excise delays levy process
Business, Wichit Chantanusornsiri, Published on 18/02/2020
» The Excise Department has put on hold a process to consider levies on salty food and non-alcoholic beer until the Covid-19 epidemic is under control, its chief says.
Tax privileges prove a drag on revenue
Business, Wichit Chantanusornsiri, Published on 22/08/2018
» The state's net revenue collection exceeded the target by 3.4% for the 10 months through July as the Revenue Department's tax revenue shortfall narrowed.
Excise rejig to aid importers
Business, Wichit Chantanusornsiri, Published on 28/07/2018
» The Excise Department will offer a 15% discount on the recommended retail price, the basis for excise tax computation, for luxury items or those not ubiquitously found on shelves, says the department's chief.
B600bn revenue target within reach
Business, Wichit Chantanusornsiri, Published on 14/10/2017
» The Excise Department has expressed confidence that its revenue target of 600 billion baht for this fiscal year is reachable based on the country's economic momentum.
Cigarette tax higher for dearer brands in new tiered pricing
Business, Wichit Chantanusornsiri, Published on 11/09/2017
» The Excise Department will impose a cigarette tax based on tiered pricing, with expensive brands charged a higher rate than cheaper ones, with a goal of striking a balance between public health and government revenue.