Showing 1 - 10 of 16
Office mulls higher small project cap of B10bn
Business, Wichit Chantanusornsiri, Published on 22/01/2026
» The State Enterprise Policy Office (Sepo) is considering amendments to the public-private partnership (PPP) law to redefine small-scale projects, potentially raising the investment threshold from 5 billion baht to up to 10 billion in a move aimed at accelerating public investment.
VAT rate to remain at 7% for another year
Wichit Chantanusornsiri, Published on 09/09/2025
» The outgoing caretaker cabinet has approved an extension of the 7% value-added tax (VAT) rate until the end of September 2026 to ease economic pressures and sustain domestic consumption, caretaker deputy finance minister Julapun Amornvivat said on Tuesday.
Unpacking the debt-to-GDP ratio
Business, Wichit Chantanusornsiri, Published on 29/03/2025
» The Pheu Thai Party-led government has pursued aggressive fiscal policies, building on the work of the previous administration led by Gen Prayut Chan-o-cha, which navigated the challenges of the Covid-19 pandemic. During Gen Prayut's tenure, two special emergency loan decrees were enacted, resulting in total borrowing of 1.5 trillion baht and prompting an increase in the public debt ceiling from 60% to 70% of GDP.
Thai finance minister raises hackles over taxes
Business, Wichit Chantanusornsiri, Published on 26/12/2024
» Thailand's Finance Minister Pichai Chunhavajira may be the first finance minister under an elected government with a civilian prime minister to propose a hike to the value-added tax (VAT) rate, which has remained at 7% since 1992.
Government vows to support digital assets
Business, Wichit Chantanusornsiri, Published on 22/11/2024
» The government has pledged to create opportunities and make investments in digital assets more accessible, seeking to position Thailand as a regional leader.
A closer inspection of negative income tax
Business, Wichit Chantanusornsiri, Published on 29/08/2024
» The first vision statement by former premier Thaksin Shinawatra, after 17 years away from Thailand, has garnered interest on several points, including the proposal of a negative income tax (NIT).
The untouchable tax
Business, Wichit Chantanusornsiri, Published on 04/09/2023
» Since the introduction of value-added tax (VAT) in Thailand in 1992, no government has dared to increase the rate because of concerns regarding the economic impact, the greater burden in terms of living expenses, and most importantly how politically unpopular such a move would appear.
Arkhom pours cold water on prospect of tiered VAT
Business, Wichit Chantanusornsiri, Published on 27/09/2022
» The Finance Ministry is not seriously considering introducing a two-tier value-added tax (VAT) system as revenue collection in the 2022 fiscal year is expected to hit its targets, says Arkhom Termpittayapaisith.
New VAT mulled that targets luxury goods
Business, Wichit Chantanusornsiri, Published on 26/09/2022
» The Finance Ministry is considering the introduction of a two-tier value-added tax (VAT) rate that could generate additional revenue of more than 100 billion baht, says a ministry source who requested anonymity.
Rich get richer, poor get the picture
News, Wichit Chantanusornsiri, Published on 09/01/2020
» This year the new land and building tax law takes effect with the new tax regime hardly affecting ordinary people who do not own second homes. It rather effects super rich people who have owned land in amounts so vast that they would have to spend a good part of their life if they wanted to walk around every plot of their land.