Showing 1 - 10 of 16
Ministry eyes oil excise tax trims
Business, Wichit Chantanusornsiri, Published on 23/03/2026
» The Finance Ministry is weighing the extent of potential oil tax cuts to keep retail fuel prices at a level the economy can absorb, while also avoiding excessive impact on government revenue.
Fiscal position ‘sufficient’ for fuel subsidies
Wichit Chantanusornsiri, Published on 10/03/2026
» The government is in good fiscal condition, with a buffer of 300 billion baht if it needs to guarantee loans for the Oil Fuel Fund for subsidies, according to the Ministry of Finance.
Proposed battery tax rejig to reward energy efficiency
Business, Wichit Chantanusornsiri, Published on 24/01/2025
» The Finance Ministry plans to propose to the cabinet next month a revision of the battery tax from a flat rate for all battery types to a tiered rate, with more efficient batteries subject to a lower levy than less efficient batteries.
Cabinet to consider carbon tax next week
Business, Wichit Chantanusornsiri, Published on 04/12/2024
» The Finance Ministry is set to propose a carbon tax for cabinet approval on Dec 11.
Call for auto taxes to match global shift
Wichit Chantanusornsiri, Published on 11/11/2024
» The structure of Thailand's automotive excise taxes must align with global trends, particularly the shift towards the electric vehicle (EV) industry, says Deputy Finance Minister Paopoom Rojanasakul.
Cabinet approves new energy subsidies
Business, Wichit Chantanusornsiri, Published on 08/05/2024
» The cabinet has endorsed initiatives aimed at easing people's energy expenses, covering caps on diesel and cooking gas prices, as well as subsidies for electricity bills for vulnerable groups.
Finding new levers for energy subsidies
Business, Wichit Chantanusornsiri, Published on 04/04/2024
» The expiry of the diesel price subsidy programme using the state Oil Fuel Fund on March 31 caused energy authorities to call on the government to change the way it regulates domestic diesel prices.
Department urges firms to home in on ESG
Business, Wichit Chantanusornsiri, Published on 08/08/2023
» The Excise Department is advising business operators to accelerate adjustments by focusing on manufacturing products in line with the environmental, social and governance (ESG) approach to prevent an embargo on imports, says director general Ekniti Nitithanprapas.
Ethanol tax incentives mulled
Business, Wichit Chantanusornsiri, Published on 20/03/2023
» The Finance Ministry stands ready to use tax measures to support the use of ethanol to produce bio-ethylene, a major feedstock used for making bio-based polyethylene, says a ministry source who requested anonymity.
Oil Fuel Fund set to borrow billions
Business, Wichit Chantanusornsiri, Published on 10/05/2022
» The Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry's deputy permanent secretary Theeraj Athanavanich.