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BUSINESS

Treasury targets massive increase in revenue growth

Business, Wichit Chantanusornsiri, Published on 22/04/2025

» The Treasury Department is aiming for a leap in its revenue growth, targeting a 20% increase in 2026, compared to the current average annual revenue growth rate of 3%.

BUSINESS

Taxes on salt and fat considered

Wichit Chantanusornsiri, Published on 05/11/2024

» The Ministry of Finance is studying the feasibility of imposing taxes on products containing salt and fat as a preventive health measure.

BUSINESS

E-donations to be given tax cut priority

Business, Wichit Chantanusornsiri, Published on 11/04/2023

» Donations to education, sports and social development will only gain a double tax deduction if they are made via an electronic channel, said Vinit Visessuvanapoom, deputy director-general of the Revenue Department.

BUSINESS

BAAC sparks up cannabis farming loan scheme

Business, Wichit Chantanusornsiri, Published on 25/09/2021

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) has started offering loans this month to plant cannabis for community enterprises and agricultural cooperatives after parts of the plant were taken off the narcotics list.

BUSINESS

Customs eager to extend pre-arrival processing

Business, Wichit Chantanusornsiri, Published on 28/08/2019

» The Customs Department intends to extend Pre-Arrival Processing (PAP) service, which transmits customs declarations and import documents to customs authorities electronically before the goods arrive in the destination country for cross-border land transport.

LIFE

E-stamp tax for beer brewers

Business, Wichit Chantanusornsiri, Published on 02/07/2019

» The Excise Department is about to require that local beer brewers adopt electronic stamp duty in October, aiming to fix a tax leakage problem as beer tax revenue continues to fall short of target.

BUSINESS

Farm prices increase for first time in 22 months

Business, Wichit Chantanusornsiri, Published on 28/03/2019

» The farm price index rose for the first time in 22 months in February, largely because of an increase in paddy price and a smaller decline in rubber prices, says the Fiscal Policy Office (FPO).

BUSINESS

FPO ready to cut 2019 outlook

Business, Wichit Chantanusornsiri, Published on 25/03/2019

» The Fiscal Policy Office (FPO) looks set to slash its forecast for the country's economic growth this year to below 4% in April after a dismal export tally.

BUSINESS

Asean finance chiefs to ink 8th protocol

Business, Wichit Chantanusornsiri, Published on 23/03/2019

» Asean finance ministers are set to sign the eighth protocol at the upcoming meeting in Thailand, sealing a pact that will let indigenous asset management companies in one country hold entire stakes in firms operating the same business in other countries in the region.

BUSINESS

Chinese New Year refund flops

Business, Wichit Chantanusornsiri, Published on 04/03/2019

» The value-added tax (VAT) refund scheme for Chinese New Year shopping failed miserably, with a meagre 10 million baht in transactions.