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Thai taxman aims to tighten enforcement
Published on 15/05/2025
» The Revenue Department has vowed to tighten enforcement of tax collection from four types of businesses to ensure accurate payments.
Tax changes to cushion blow of US tariffs
Business, Lamonphet Apisitniran, Published on 15/05/2025
» The Board of Investment (BoI) expects to decide next week on a plan to offer new tax incentives to help investors cope with the impact of US President Donald Trump's reciprocal tariff policy.
Thai-US trade talks are likely to fail
Oped, Chartchai Parasuk, Published on 15/05/2025
» Don't get too excited over news the temporary trade deal between China and the US will mean friendly negotiations with other countries. The US government still aims for higher import tax income to narrow its monstrous fiscal deficit. As explained in a previous article, Donald Trump would love to see an average tariff rate of around 20% or higher on imports. Higher customs revenue already allowed the US to achieve a budget surplus of US$258 billion (8.5 trillion baht) in April. The figure incorporates only a 10% universal tariff, as full reciprocal tariffs were postponed for 90 days from April 8. Just imagine how nice the US budget position would be with 20% or more import tariff revenue?
Merz vows to rev up German economic ‘growth engine’
AFP, Published on 14/05/2025
» BERLIN - German Chancellor Friedrich Merz on Wednesday pledged reforms and investment for Europe’s biggest economy to transform it once again into a “growth engine” after two years of recession.
Businesses urged to find new export markets
Business, Lamonphet Apisitniran, Published on 14/05/2025
» Thai entrepreneurs should start seeking new export markets as US President Donald Trump's tariff policy scheduled to take effect in July could increase trade risks, says Vikrom Kromadit, chairman and acting chief executive of industrial estate developer Amata Corporation Plc.
Warning over new VAT threat
Business, Kuakul Mornkum, Published on 14/05/2025
» The proposal to lower the value-added tax (VAT) registration threshold to include businesses with annual revenue of less than 1.8 million baht could increase the burden on small retailers already grappling with weak consumer spending and intense competition, according to the Thai Wholesale and Retail Trade Association.
Government targets tax reform in attempt to boost revenue
Business, Wichit Chantanusornsiri, Published on 13/05/2025
» Tax reform to increase government revenue must be seriously pursued to enhance fiscal strength, says finance permanent secretary Lavaron Sangsnit.
Tourism in the doldrums
Business, Post Reporters, Published on 12/05/2025
» The tourism industry posted underwhelming results for the first four months this year as the international market contracted by 0.2% year-on-year.
Investor confidence still stunted by trade concerns
Business, Published on 12/05/2025
» The investor confidence index (ICI) tallied by the Federation of Thai Capital Market Organizations (Fetco) remained in the bearish zone last month, weighed down by global trade tensions, geopolitical conflicts and the domestic political situation.
ABOUT POLITICS: A sound bit of advice
Oped, Published on 10/05/2025
» A message has been conveyed by a former finance minister to an aspiring one -- don't be too agreeable with the government when it comes to money matters.