Showing 1 - 10 of 10
Inheritance tax collection rising sharply
Business, Wichit Chantanusornsiri, Published on 27/02/2025
» The Revenue Department has collected revenue from inheritance tax worth more than 4 billion baht over the past 10 years, with more than 1.5 billion collected in the last fiscal year alone.
Hunting for a place at the financial table
Wichit Chantanusornsiri, Published on 16/08/2024
» Amid the wreckage of the 1997 Asian financial crisis, also known as the "Tom Yum Kung" crisis, the Thai financial sector worked to develop a strong and resilient infrastructure.
Another payment stream for retirees
Business, Wichit Chantanusornsiri, Published on 30/10/2023
» The global population has increased rapidly in the last 30 years, while two-thirds of people older than age 60 are in developing countries, especially in Asia.
Inheritance tax rejig mulled
Business, Wichit Chantanusornsiri, Published on 09/10/2023
» The Revenue Department plans to adopt the prime minister's proposal to amend the inheritance tax law to reduce economic inequality, says a department source who requested anonymity.
PM orders sweeping review of taxes
Business, Wichit Chantanusornsiri, Published on 19/09/2023
» Prime Minister Srettha Thavisin has ordered the Finance Ministry to review the new land and building tax, as well as inheritance tax, in an effort to reduce income disparity.
Analyst favours widening taxable income bands
Business, Wichit Chantanusornsiri, Published on 03/10/2019
» Widening taxable income bands for middle-income earners could be an appropriate means to alleviate the tax burden for this group, stemming criticism that the government's personal income tax reform will favour high-income earners, says a tax analyst.
FPO pushing bill on private trusts
Business, Wichit Chantanusornsiri, Published on 21/05/2018
» The Fiscal Policy Office (FPO) is pushing a draft bill on using private trusts as a tool for the affluent to manage their wealth and prevent them from transferring assets overseas, says a source at the Finance Ministry.
Ageing society prompts ministry tax review
Business, Wichit Chantanusornsiri, Published on 29/03/2018
» The Finance Ministry is studying a revamp of the tax structure by raising the ratio of asset- and consumption-based taxes because income-based ones, which dominate revenue contributions, are expected to decline as Thailand becomes an aged society.
Infrastructure land windfall tax a letdown
News, Wichit Chantanusornsiri, Published on 15/03/2018
» A new tax law which will enable the Revenue Department to collect tax from land owners who are to benefit from transport infrastructure development projects is a novel idea by the Finance Ministry.
Tax reform comes in dribs and drabs
Business, Wichit Chantanusornsiri, Published on 03/01/2018
» Tax reform has been high on the government's to-do list since Gen Prayut Chan-o-cha took the helm in 2014 with a goal of creating a tax base that provides sustainable revenue for the country on a long-term basis.