Showing 1 - 10 of 1,345
Warning over new VAT threat
Business, Kuakul Mornkum, Published on 14/05/2025
» The proposal to lower the value-added tax (VAT) registration threshold to include businesses with annual revenue of less than 1.8 million baht could increase the burden on small retailers already grappling with weak consumer spending and intense competition, according to the Thai Wholesale and Retail Trade Association.
Government targets tax reform in attempt to boost revenue
Business, Wichit Chantanusornsiri, Published on 13/05/2025
» Tax reform to increase government revenue must be seriously pursued to enhance fiscal strength, says finance permanent secretary Lavaron Sangsnit.
Pushback on VAT scheme for Thai SMEs
Business, Published on 09/05/2025
» Even though Finance Minister Pichai Chunhavajira has decided not to impose the value-added tax (VAT) on businesses earning less than 1.8 million baht annually to increase state revenue and reduce the budget deficit, the business community and especially small and medium-sized enterprises (SMEs) are concerned that any expansion of VAT would exacerbate their struggles.
FTI sounds alarm on levy proposal
Business, Lamonphet Apisitniran, Published on 09/05/2025
» The Federation of Thai Industries (FTI) has warned the government that its controversial idea to impose value-added tax (VAT) on businesses earning less than 1.8 million baht a year could lead to more struggles at a time of economic uncertainties.
Call for Thai ministers to do their job
Business, Published on 05/05/2025
» Clouded by several negative factors, including uncertainty stemming from unresolved negotiations with the US on tariff hikes, the Thai economy is likely to miss the government's forecast of 3% growth this year.
Back to the future
Postbag, Published on 04/05/2025
» Re: "VAT mulled for firms with less revenue -- B1.8m threshold may be erased", (Business, May 2).
VAT mulled for firms with less revenue
News, Wichit Chantanusornsiri, Published on 02/05/2025
» Finance Minister Pichai Chunhavajira on Thursday floated an idea of collecting value-added tax (VAT) from businesses with an annual income below 1.8 million baht to boost state income and reduce budget deficits.
Call for new instant VAT refund scheme
Business, Kuakul Mornkum, Published on 22/04/2025
» The Thai Retailers Association (TRA) wants the government to introduce an instant VAT refund scheme for tourists and set up a free-trade-zone sandbox in tourist destinations such as Phuket, with the aim of positioning Thailand as an Asean shopping hub.
Leveraging Thailand's superyacht exposure
Oped, Published on 19/04/2025
» The feature of the 117-foot (35.7-metre) catamaran Spacecat in the television series The White Lotus Season 3, set in the Gulf of Thailand and in the waters around Phuket, highlights the potential of Thailand's superyacht charter market. Delivered in November 2022 by Silver Yachts, the vessel showcased luxury against the backdrop of Thailand. This visibility presents an opportunity to further develop Thailand's luxury tourism and service industry, moving beyond glamour to build a sustainable sector that could drive economic growth. Thailand has significant assets; strategic support can help this industry thrive.
Most personal income tax refunds processed
Business, Wichit Chantanusornsiri, Published on 10/04/2025
» The Revenue Department has already fulfilled 83% of personal income tax refund requests, according to the department chief.