Showing 1 - 10 of 14
Import duties plunge thanks to strong baht
Business, Wichit Chantanusornsiri, Published on 20/02/2026
» The exchange rate, economic conditions and free-trade agreements (FTAs) have affected import duty revenue for the Customs Department, with collections 8% below target for the first three months of fiscal 2026.
Excise Department set to hit B578bn goal
Business, Wichit Chantanusornsiri, Published on 18/02/2026
» The Excise Department expects its revenue collection for this year to meet its target of 578 billion baht, after revenue collection during the first four months of fiscal 2026 exceeded the target by nearly 5%.
Meeting explores impact of border spat
Business, Wichit Chantanusornsiri, Published on 24/06/2025
» Deputy Prime Minister and Finance Minister Pichai Chunhavajira on Monday convened an urgent meeting with relevant public and private sector agencies to assess the economic impacts and prepare measures to cope with the escalating tensions between Thailand and Cambodia.
Draft financial hub law heads to cabinet
Business, Wichit Chantanusornsiri, Published on 23/01/2025
» The Finance Ministry has completed drafting the financial hub legislation and expects to submit it to the cabinet in early February.
VAT rules changed for online sellers in Thailand
Wichit Chantanusornsiri, Published on 03/09/2024
» The Revenue Department is amending the law to require foreign online platforms to register as vendors in the value-added tax (VAT) system.
VAT refunds surge after reopening
Business, Wichit Chantanusornsiri, Published on 31/05/2023
» Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.
Bridging the gap
Business, Wichit Chantanusornsiri, Published on 26/09/2022
» Cross-border trade between Thailand and neighbouring countries is thriving, thanks in part to expanded infrastructure connectivity.
Blockchain-led VAT refund app in global debut
Business, Wichit Chantanusornsiri, Published on 18/01/2020
» The roll-out of the world's first blockchain-powered value-added tax (VAT) refund for tourists via an app is estimated to increase foreign tourist spending by 10% in Thailand.
Import duty cut up in the air
Business, Wichit Chantanusornsiri, Published on 22/10/2019
» The Finance Ministry has not made a decision on whether the import duty on luxury brands will be temporarily cut to 5% from 30% as proposed by the Tourism and Sports Ministry to boost tourism this year.
VAT refund for tourists hiked to B30,000
Business, Wichit Chantanusornsiri, Published on 18/10/2019
» The Revenue Department is set to raise the ceiling for value-added tax (VAT) refunds for tourists at downtown agents to 30,000 baht per traveller from 12,000 baht at present.