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BUSINESS

Calm approach on tax reforms urged

Business, Wichit Chantanusornsiri, Published on 17/07/2023

» The Finance Ministry's permanent secretary Krisada Chinavicharana is warning the new government that tax reforms to increase revenue must not cause a shock to the economy.

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BUSINESS

Backup plan in works in case budget is delayed

Wichit Chantanusornsiri, Published on 14/07/2023

» The Ministry of Finance is preparing a backup plan to sustain the economy if delays in forming a new government affect budget disbursement for the 2024 fiscal year starting on Oct 1.

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BUSINESS

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.

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BUSINESS

Agency upbeat on use of blockchain tech

Business, Wichit Chantanusornsiri, Published on 05/07/2023

» The Comptroller-General's Department (CGD) believes the use of the blockchain technology in government auctions will increase transparency and create fairness for all bidders, says comptroller-general Kulaya Tantitemit.

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BUSINESS

Businesses urged to use digital tax system

Business, Wichit Chantanusornsiri, Published on 04/07/2023

» The Revenue Department is encouraging entrepreneurs to use the digital tax system, which will make value-added tax (VAT) refunds five times faster than they currently are, says the director-general Lavaron Sangsnit.

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BUSINESS

Customs urged to speed up clearance process

Business, Wichit Chantanusornsiri, Published on 03/07/2023

» Finance Minister Arkhom Termpittayapaisith has urged the Customs Department to expedite the customs clearance procedures for exports and imports, particularly those pertaining to the automotive industry.

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BUSINESS

FPO requests debt restructuring

Business, Wichit Chantanusornsiri, Published on 29/06/2023

» The Fiscal Policy Office (FPO) is calling on state financial institutions and commercial banks to implement debt restructuring measures to reduce the debt repayment burden rather than extending the repayment period, says director-general Pornchai Thiraveja.

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BUSINESS

How Thailand's welfare state could change

Business, Wichit Chantanusornsiri, Published on 28/06/2023

» For the past few decades, many countries have been working towards providing "healthcare for all", including equity in access to healthcare and healthcare financing.

BUSINESS

Arkhom urges BAAC to rejig farmer debt

Business, Wichit Chantanusornsiri, Published on 26/06/2023

» Finance Minister Arkhom Termpittayapaisith has asked the Bank for Agriculture and Agricultural Cooperatives (BAAC) to restructure farmers' debts to reduce non-performing loans (NPLs) to 3-4% for this accounting year from nearly 8% year-on-year.

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BUSINESS

Prospects for diesel tax cut extension remain unclear

Business, Wichit Chantanusornsiri, Published on 24/06/2023

» The Excise Department is still uncertain whether it can extend the diesel excise tax cut under the interim government, says director-general Ekniti Nitithanprapas.