Showing 1 - 10 of 45
How VAT on cheap imported goods adds up
Business, Wichit Chantanusornsiri, Published on 02/05/2024
» Thailand has embraced the digital economy, with trade on foreign online platforms increasing rapidly, disrupting domestic entrepreneurs.
Department promotes promising stars in lacklustre year
Business, Wichit Chantanusornsiri, Published on 18/04/2024
» The Revenue Department says there are significant challenges this year achieving tax collection targets because of the slowdown in economic activities, although it has identified five sectors that show promise.
Online sales reporting ‘could bring in B10bn in taxes’
Wichit Chantanusornsiri, Published on 04/01/2024
» A requirement for online platform operators to submit sellers’ income statements to the Revenue Department should increase tax revenue by roughly 10 billion baht, says Lavaron Sangsnit, permanent secretary of the Ministry of Finance.
Justifying the digital wallet scheme
Business, Wichit Chantanusornsiri, Published on 16/11/2023
» The 10,000-baht digital wallet scheme is considered the flagship policy of the Pheu Thai-led coalition given its prominence in the election campaign.
Pico-finance reform on the cards
Business, Wichit Chantanusornsiri, Published on 12/09/2023
» The Finance Ministry is preparing to update a ministry notification regarding the operation of pico-finance businesses to offer greater consumer protection, says Fiscal Policy Office (FPO) deputy director-general Sumalee Satitchaichareon.
Going global
Business, Wichit Chantanusornsiri, Published on 24/07/2023
» Why are Thai small and medium-sized enterprises (SMEs) unable to penetrate foreign markets as other countries do? Apart from a lack of courage in tackling obstacles to international trade, Thai SMEs' lack of research and development (R&D) is one of the key factors hindering them from entering the global market.
Revenue to unveil chatbot
Business, Wichit Chantanusornsiri, Published on 10/07/2023
» The Revenue Department is preparing to introduce a chatbot to offer answers to taxpayers online as a new channel for virtual tax consultation, says director-general Lavaron Sangsnit.
Department upbeat on revenue goal
Business, Wichit Chantanusornsiri, Published on 09/02/2023
» The Revenue Department expects to meet its revenue collection target for fiscal 2023 because of the economic recovery, says director-general Lavaron Sangsnit.
Fiscal status unfazed by continued tax discount
Business, Wichit Chantanusornsiri, Published on 18/01/2023
» The Finance Ministry is confident the cabinet's decision to extend the diesel excise tax cut by another four months will not affect the country's fiscal status as net revenue collection for fiscal 2023 is expected to exceed the target, says Deputy Finance Minister Santi Promphat.
Excess revenue to help public
Business, Wichit Chantanusornsiri, Published on 19/03/2022
» If Thailand's revenue in fiscal 2022 exceeds the government target, the Finance Ministry will spend the excess money on easing people's living costs, says the ministry's permanent secretary Krisada Chinavicharana.