Showing 1 - 10 of 40
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.
Pushback on VAT scheme for Thai SMEs
Business, Published on 09/05/2025
» Even though Finance Minister Pichai Chunhavajira has decided not to impose the value-added tax (VAT) on businesses earning less than 1.8 million baht annually to increase state revenue and reduce the budget deficit, the business community and especially small and medium-sized enterprises (SMEs) are concerned that any expansion of VAT would exacerbate their struggles.
Back to the future
Postbag, Published on 04/05/2025
» Re: "VAT mulled for firms with less revenue -- B1.8m threshold may be erased", (Business, May 2).
VAT mulled for firms with less revenue
News, Wichit Chantanusornsiri, Published on 02/05/2025
» Finance Minister Pichai Chunhavajira on Thursday floated an idea of collecting value-added tax (VAT) from businesses with an annual income below 1.8 million baht to boost state income and reduce budget deficits.
Call for new instant VAT refund scheme
Business, Kuakul Mornkum, Published on 22/04/2025
» The Thai Retailers Association (TRA) wants the government to introduce an instant VAT refund scheme for tourists and set up a free-trade-zone sandbox in tourist destinations such as Phuket, with the aim of positioning Thailand as an Asean shopping hub.
Tax reforms being studied, but remain on the agenda
Business, Wichit Chantanusornsiri, Published on 03/01/2025
» The government remains committed to tax reform, but insists implementation as a comprehensive package encompassing value-added tax (VAT), corporate income tax and personal income tax to enhance the country's competitiveness while minimising the impact on vulnerable groups.
A closer inspection of negative income tax
Business, Wichit Chantanusornsiri, Published on 29/08/2024
» The first vision statement by former premier Thaksin Shinawatra, after 17 years away from Thailand, has garnered interest on several points, including the proposal of a negative income tax (NIT).
Cabinet okays VAT change to curb cheap imports
News, Phusadee Arunmas, Published on 04/06/2024
» The cabinet has approved in principle a Ministry of Finance proposal to collect value-added tax (VAT) on all imported goods valued at over one baht in an effort to stop cheap imported goods, particularly from China, from flooding the domestic market.
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.