Showing 1 - 10 of 10
Government nudged to correct revenue-to-GDP proportion
Business, Wichit Chantanusornsiri, Published on 15/06/2023
» The government is advised to seek methods to increase its revenue-to-GDP ratio following a continuous decline, while remaining prudent in incurring higher levels of debt, says a Finance Ministry source who requested anonymity.
Baht all safe and sound
Business, Wichit Chantanusornsiri, Published on 24/04/2023
» While the recent banking debacle in the US and Europe sparked fears about a contagion spreading worldwide, the head of Thailand's Deposit Protection Agency (DPA) said since the agency's establishment in 2008, Thailand has never been close to requiring action to protect deposits.
Agency uses technology for tax cheats
Business, Wichit Chantanusornsiri, Published on 13/05/2019
» The Revenue Department is warning corporate taxpayers that it has already adopted data analytics and a risk-based auditing system that can better track the accuracy of tax payments.
Officials to educate public on bitcoin
Business, Wichit Chantanusornsiri, Published on 29/12/2017
» The Finance Ministry will join with other authorities to educate people about bitcoin after the cryptocurrency's roller-coaster ride in recent weeks, says finance permanent secretary Somchai Sujjapongse.
SMEs continuing to use multiple financial accounts
Business, Wichit Chantanusornsiri, Published on 01/12/2017
» Half of the 300,000 small and medium-sized enterprises (SMEs) who signed up for the government's single financial account scheme are at risk of facing backdated tax and money laundering probes as they persist in using more than one account to understate income tax bills.
Prayut takes aim at loan sharks
Business, Wichit Chantanusornsiri, Published on 02/03/2017
» Prime Minister Prayut Chan-o-cha has vowed to crack down on loan sharks, warning that police and military officers face immediate sacking if they are found to be involved with unscrupulous lenders.
Sommai slams 'selfish' anti-tax Thais
Business, Wichit Chantanusornsiri, Published on 17/03/2015
» Finance Minister Sommai Phasee has issued a stern warning that Thailand will become mired in fiscal woe if tax reform, particularly the land and buildings tax, fails to materialise.
Warning on corporate tax
Business, Wichit Chantanusornsiri, Published on 01/12/2012
» The planned reduction in the corporate tax rate could cause the Revenue Department to fall short of its collection target in fiscal 2013, cautions department director-general Satit Rungkasiri.
First-home scheme gains B2m ceiling
Business, Wichit Chantanusornsiri, Published on 24/05/2012
» The Finance Ministry plans to expand the price range of its first-home buyers scheme to 2 million baht from 1 million because it failed to attract homebuyers.
E-commerce firms warned to get tax affairs in order
Business, Wichit Chantanusornsiri, Published on 16/04/2012
» Tax authorities are warning e-commerce operators to properly settle their tax obligations or face legal sanctions.