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BUSINESS

Authorities nab fake VAT invoice gangs

Business, Wichit Chantanusornsiri, Published on 16/02/2024

» The Revenue Department is developing a data analytics system for entrepreneurs to enter the tax payment system and avoid counterfeit tax invoices, says director-general Kulaya Tantitemit.

BUSINESS

Revenue Department to enforce e-payment law threshold

Business, Wichit Chantanusornsiri, Published on 25/12/2019

» Financial institutions are required to report transactions of customer accounts that hit the e-payment law's threshold by the end of March 2020, says the Revenue Department.

BUSINESS

Customs floats luxury car tax cut

Business, Wichit Chantanusornsiri, Published on 30/01/2018

» The Customs Department has already proposed lowering the import duty on luxury cars from the current rate of 80% of cost, insurance and freight (CIF) to the Finance Ministry, says an informed source at the department.

BUSINESS

Dormant account law details emerge

Business, Wichit Chantanusornsiri, Published on 24/01/2018

» A law on pooling money parked in bank accounts that have been dormant for at least 10 years into suspended Finance Ministry accounts will apply only to baht-denominated savings and current accounts of individuals, says an informed source at the Fiscal Policy Office (FPO).