Showing 1-10 of 126 results
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Equities muted as timing of US rate cuts unclear
Business, Published on 06/01/2024
» RECAP: Asian shares were mixed yesterday and the dollar was near a three-week high as traders dialled back bets of early US interest-rate cuts, after Federal Reserve meeting minutes provided few clues.
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Tourist VAT refunds made easier
Post Reporters, Published on 02/01/2024
» The cabinet on Tuesday approved measures making it easier for foreign tourists to claim value-added tax refunds on goods purchased in Thailand.
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Exploring the effort to axe duty-free stores
Business, Wichit Chantanusornsiri, Published on 21/12/2023
» Thailand is a well-known tropical destination with cheaper prices for accommodation, meals, transport and activities than in most Western countries.
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New criteria for VAT refunds for tourists to reduce waiting queues
Online Reporters, Published on 30/11/2023
» The Revenue Department has improved value-added tax (VAT) refunds for tourists to reduce waiting queues to declare their goods to customs officials. The new criteria will take effect on Dec 1.
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State revenue collection beats budget target
Business, Wichit Chantanusornsiri, Published on 25/07/2023
» For the first nine months of fiscal 2023, the government's revenue exceeded the target by 7.5%, or 136 billion baht, despite the diesel excise tax cut, Fiscal Policy Office (FPO) director-general Pornchai Thiraveja said.
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VAT reverse charge scheme in the pipeline
Business, Wichit Chantanusornsiri, Published on 18/07/2023
» The Revenue Department is planning to launch a value-added tax (VAT) reverse charge scheme in the scrap metal industry to reduce the risk of refund fraud by January 2024, says director-general Lavaron Sangsnit.
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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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Investors cheer end of US debt drama
Business, Published on 05/06/2023
» RECAP: Asian stocks advanced on Friday, buoyed by the passage of an agreement that averts a US debt default. Hopes that the US Federal Reserve will decide against lifting interest rates this month also lifted sentiment.
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VAT refunds surge after reopening
Business, Wichit Chantanusornsiri, Published on 31/05/2023
» Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.
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Ministry sets targets for tax reform
Business, Wichit Chantanusornsiri, Published on 05/05/2023
» The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja.
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