Showing 1 - 10 of 18
Fake invoices used in multi-million-baht VAT refund fraud
Wassayos Ngamkham, Published on 30/06/2025
» The Revenue Department (RD) and the Central Investigation Bureau (CIB) have jointly dismantled a major value-added tax (VAT) fraud ring that allegedly resulted in over 1 billion baht in losses to the state.
Online vendors, influencers warned over tax compliance
Business, Wichit Chantanusornsiri, Published on 10/01/2025
» The Revenue Department issued a warning to independent business owners, particularly online vendors and influencers, to file their taxes correctly, insisting the department can leverage IT systems to monitor their tax compliance.
Getting tough on false invoices
Business, Wichit Chantanusornsiri, Published on 13/09/2016
» The Revenue Department will step up its crackdown on false tax invoices while encouraging more individuals and operators to pay tax correctly.
VAT fraud gang arrested
Wichit Chantanusornsiri, Published on 12/09/2016
» The Revenue Department has led the arrest of a gang producing fake sales invoices used to claim a refund of value added tax (VAT), Director-general Prasong Poontaneat said on Monday.
Missing inventory and VAT refunds: finding the evidence
Business, Lawalliance Limited Company, Published on 28/06/2016
» In a tax audit, nothing should be asserted by the taxpayer without the ability to verify its accuracy. Such verification is often crucial to a taxpayer's success in withstanding the taxman's challenge.
Agency magnifies inspection of steel tax returns
Business, Wichit Chantanusornsiri, Published on 01/06/2016
» The Revenue Department is tightening its scrutiny of tax returns from the steel and building material sectors following allegations of duty refund fraud by SET-listed Samchai Steel Industries Plc.
The government's tax amnesty scheme: Is it the real deal?
Business, Lawalliance Limited Company, Published on 12/01/2016
» Many small businesses had something extra to celebrate at the New Year with the surprise announcement of a tax amnesty scheme. “Amnesty” is a word the director-general of the Revenue Department refused to use in a recent interview, stressing anyone breaching the conditions could face an investigation later. Given the broad scope of the law, all small and medium-sized enterprises (SMEs) must understand what is involved.
Satit faces asset freeze in VAT case
Business, Nattaya Chetchotiros, Published on 25/06/2015
» Former Revenue Department director-general Satit Rungkasiri faces his assets worth 600 million baht being frozen after an investigation of false value-added tax (VAT) refunds found he failed to declare the assets on his annual asset and liabilities statement.
VAT trawl nets big fish
Business, Wichit Chantanusornsiri, Published on 15/06/2015
» Since value-added tax (VAT) was introduced in 1992, there have been several cases of false refunds, but the offenders, especially the big fish, always managed to slip through authorities' fingers.
What's new in business news: May 21, 2015
Jon Fernquest, Published on 21/05/2015
» Samsung & LG move TV production from Thailand to Vietnam where labour is cheaper, Thailand internet 8th fastest in Asia & Finance Ministry takes action against tax evasion scams.