Showing 1 - 10 of 21
Council of State spikes lottery partial-refund hopes
News, Wichit Chantanusornsiri, Published on 08/12/2025
» The Council of State (CoS) has advised against a proposal to offer partial refunds to buyers of digital lottery tickets who do not win prizes because the plan was deemed to exceed the authority of the Government Lottery Office (GLO), says a top finance official.
Lottery retirement savings plan risky
Oped, Wichit Chantanusornsiri, Published on 23/10/2025
» Lotteries are among the oldest forms of betting. Yet in modern times, various governments have used this popular form of gambling to encourage financial savings among citizens and even retirees.
Government allots B10bn to buy individuals' bad debt
Business, Wichit Chantanusornsiri, Published on 08/10/2025
» The government plans to allocate around 10 billion baht to address non-performing loans (NPLs) among individual borrowers, according to Finance Minister Ekniti Nitithanprapas.
Planned bad debt firm to cover 3.8m debtors
Business, Wichit Chantanusornsiri, Published on 03/10/2025
» The asset management company (AMC) planned to address the bad debts of retail borrowers will cover 3.8 million eligible debtors with a total debt value of 120 billion baht, according to the Finance Ministry.
Tourism tax stimulus on the cards for low season
Business, Wichit Chantanusornsiri, Published on 30/07/2025
» The Revenue Department is considering tax measures to stimulate tourism during the low season, potentially allowing individuals to deduct up to 15,000 baht in travel expenses from their taxable income.
Retirement lottery aims to spur savings
Business, Wichit Chantanusornsiri, Published on 14/03/2025
» The government expects the retirement lottery project to attract an additional 13 billion baht in annual savings.
Ministry rejigs conditions of retirement lottery
Business, Wichit Chantanusornsiri, Published on 08/10/2024
» The Finance Ministry has adjusted the conditions for the retirement lottery project, allowing retirees to purchase tickets for this lottery as a means of continuous savings for another 10 years.
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.
Savings bonds worth B100bn in the offing
Business, Wichit Chantanusornsiri, Published on 23/02/2024
» The government will sell savings bonds worth 100 billion baht within the fiscal year, with the first issue worth 40 billion baht to be offered next month to help finance the budget deficit, says Patchara Anuntasilpa, director-general of the Public Debt Management Office (PDMO).
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.