Showing 1 - 10 of 19
Amendment to see overseas income taxed
Business, Wichit Chantanusornsiri, Published on 26/09/2023
» The Revenue Department recently amended its notification regarding taxation on specified foreign-sourced income by stipulating that local residents who earn overseas income will be subject to personal income tax (PIT), according to Paragraph 2 of Section 41 of the Revenue Code.
Levy on share sales at risk from Fetco opposition
Business, Wichit Chantanusornsiri, Published on 03/03/2023
» The imposition of the financial transaction tax on share sales by individual investors might be delayed because of opposition from the Federation of Thai Capital Market Organizations (Fetco), says Finance Minister Arkhom Termpittayapaisith.
Picofinance firms urged to help clients
Business, Wichit Chantanusornsiri, Published on 03/06/2021
» The Finance Ministry has asked picofinance operators to help alleviate the hardships of their clients struggling with the impact of the pandemic, says Kulaya Tantitemit, director-general of the Fiscal Policy Office (FPO).
Aiming to be the social bank
Business, Wichit Chantanusornsiri, Published on 20/11/2020
» 'Size does not matter" has become a mantra for the Government Savings Bank (GSB), one of Thailand's largest financial institutions by total assets, in its push to become a fully integrated social bank under the helm of Vitai Ratanakorn.
Striving for a more balanced economy
Oped, Wichit Chantanusornsiri, Published on 14/05/2020
» In its bid to alleviate the economic damage from the coronavirus pandemic through the 1-trillion-baht borrowing scheme, the Prayut Chan-o-cha government aims to provide immediate relief to millions who are in trouble, and also restore the grassroots economy, with a view to better balancing the economic system, so it depends less on exports and tourism.
PDMO to borrow B50bn for farmer handout
Business, Wichit Chantanusornsiri, Published on 04/05/2020
» The Public Debt Management Office is set to borrow another 50 billion baht under the 1-trillion-baht royal decree to fund the cash handout to 10 million farmers this week, the PDMO's chief says.
Solid financials offer firepower to weather crisis
Oped, Wichit Chantanusornsiri, Published on 02/04/2020
» Like other countries, Thailand is fighting a war against Covid-19. For the government, it cannot afford to lose this war as it must ensure safety to public health, buffer the outbreak's impact on the economy and help affected people who have lost jobs and incomes.
Landowners panic over tax changes
News, Wichit Chantanusornsiri, Published on 26/12/2019
» Operators of homestay and home-sharing premises will soon face much higher commercial property tax than buy-to-let homeowners who pay residential rates, the Finance Ministry says.
FPO wavers on deadline for IFRS 9
Business, Wichit Chantanusornsiri, Published on 20/02/2019
» The Fiscal Policy Office (FPO) has proposed that the Finance Ministry push back a mandatory effective date for specialised financial institutions (SFIs) to adopt International Financial Reporting Standard 9 (IFRS 9), currently scheduled for next January.
In search of a healthier puff
Business, Wichit Chantanusornsiri, Published on 08/05/2017
» Thailand Tobacco Monopoly is making an unprecedented move: it is considering planting hemp and processing it for use in consumer products.