Showing 1 - 10 of 37
Customs mulls higher import duty rate
Business, Wichit Chantanusornsiri, Published on 12/01/2026
» The Customs Department is considering raising the import duty rate on goods with a low value and applying a single, uniform rate to promote fairer competition between domestically produced goods and imported products.
Agency preps plan for the silver economy
Business, Wichit Chantanusornsiri, Published on 02/12/2025
» The government planning unit is crafting a comprehensive strategy for the "silver economy", a market valued at 2.45 trillion baht and projected to grow significantly as the nation transitions to an aged society.
Import duty planned on Jan 1 for low-cost goods
Business, Wichit Chantanusornsiri, Published on 06/11/2025
» The Customs Department is preparing to impose import duties on goods valued less than 1,500 baht (the de minimis value) starting Jan 1 next year to create fair competition for domestic businesses.
Candidate put forward for Bank of Thailand chair role
Business, Wichit Chantanusornsiri, Published on 11/02/2025
» The Finance Ministry has nominated Somchai Sujjapongse, a former finance permanent secretary, as a candidate for chairman of the Bank of Thailand's board.
Loan sought for BAAC to offer financing
Business, Wichit Chantanusornsiri, Published on 27/01/2025
» The government is seeking a loan from the Asian Development Bank (ADB) for the Bank for Agriculture and Agricultural Cooperatives (BAAC) to re-lend to other state financial institutions, aiming to reduce the interest cost burden for small borrowers.
Online sales platforms being brought into tax system
Wichit Chantanusornsiri, Published on 04/09/2024
» The Ministry of Finance is preparing to bring online sales platforms into the Thai tax system after the cabinet resolved that the platforms must register for value-added tax (VAT).
Cheap imports levied VAT from July
Business, Wichit Chantanusornsiri, Published on 22/06/2024
» The Royal Gazette has announced the Finance Ministry will begin collecting value-added tax (VAT) on all imported goods, including those priced below 1,500 baht, effective from July 5.
How VAT on cheap imported goods adds up
Business, Wichit Chantanusornsiri, Published on 02/05/2024
» Thailand has embraced the digital economy, with trade on foreign online platforms increasing rapidly, disrupting domestic entrepreneurs.
Online sales reporting ‘could bring in B10bn in taxes’
Wichit Chantanusornsiri, Published on 04/01/2024
» A requirement for online platform operators to submit sellers’ income statements to the Revenue Department should increase tax revenue by roughly 10 billion baht, says Lavaron Sangsnit, permanent secretary of the Ministry of Finance.
Relocation tax package to yield B6bn
Business, Wichit Chantanusornsiri, Published on 15/05/2023
» The Revenue Department expects tax measures supporting the relocation of foreign investors' production bases to attract investment of around 6 billion baht within three years, says deputy director-general Vinit Visessuvanapoom.