Showing 1 - 10 of 1,063
Top-up tax draft heads to cabinet
Business, Wichit Chantanusornsiri, Published on 04/06/2024
» Draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax base is scheduled to be presented to the cabinet for approval in the next two weeks, says Deputy Finance Minister Julapun Amornvivat.
Trade upgrade
Business, Wichit Chantanusornsiri, Published on 03/06/2024
» Technological change, once a gentle breeze, is now sweeping through with much greater force, raising concerns about whether these advancements will disrupt Thailand's export sector, which accounted for 54.5% of GDP last year, excluding services.
Ministry readies debt restructuring measures
Business, Wichit Chantanusornsiri, Published on 29/05/2024
» The Finance Ministry looks set to implement debt restructuring measures for individuals to help increase their disposable income.
Call for action on real estate loans
Business, Wichit Chantanusornsiri, Published on 28/05/2024
» The National Economic and Social Development Council (NESDC), the state planning unit, has urged financial institutions to adopt proactive policies in restructuring real estate loans following a sharp rise in the rate of non-performing loans (NPLs) for this type of credit.
Stimulus measures on the agenda
Business, Wichit Chantanusornsiri, Published on 25/05/2024
» The first meeting of economic ministers slated for Monday will focus on discussions for new measures to stimulate the economy, says Deputy Finance Minister Julapun Amornvivat.
GPF portfolio strategy shifts to handling risks
Business, Wichit Chantanusornsiri, Published on 24/05/2024
» The Government Pension Fund (GPF), the second-largest fund in the country, has shifted its investment strategy this year to creating a portfolio capable of handling appropriate risks, rather than maximising profits.
A lever to capture corporate tax scofflaws
Business, Wichit Chantanusornsiri, Published on 23/05/2024
» Global tax reform efforts, led by the Organisation for Economic Co-operation and Development (OECD), have been building momentum since 2021, reaching agreement on one of the two pillars of tax reform: the establishment of a global minimum tax.
FPO urges beefing up service sector
Business, Wichit Chantanusornsiri, Published on 23/05/2024
» Thailand needs to increase revenue from the service sector to bolster economic growth, according to an economist.
Draft law aims to curtail profit shifting
Business, Wichit Chantanusornsiri, Published on 20/05/2024
» The Revenue Department expects draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax base to be implemented in 2025, which estimates suggest will boost tax revenue by 12 billion baht per year.
Finance official optimistic on H2
Business, Wichit Chantanusornsiri, Published on 16/05/2024
» The economy is poised for healthier growth in the second half of the year, with three significant financial injections planned to stimulate momentum.