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Search Result for “vat hike proposal”

Showing 1 - 10 of 394

BUSINESS

Fuel crisis upends state's fiscal plans

Business, Wichit Chantanusornsiri, Published on 17/04/2026

» The energy crisis may pose a challenge for the government in pursuing its fiscal plan, which aims to reduce the fiscal deficit to no more than 3% of GDP, increase revenue through a higher value-added tax (VAT), and keep public debt below 70% of GDP, according to the Finance Ministry.

THAILAND

Co-payment scheme to expand in May

News, Wichit Chantanusornsiri, Published on 09/04/2026

» The Finance Ministry has confirmed the next phase of the "Khon La Khrueng" co-payment scheme will start in May, with an expanded reach aimed at easing the financial strain on households amid ongoing economic pressures.

THAILAND

Oil fund seeks B150 billion in loan guarantees for fuel aid

Wichit Chantanusornsiri, Published on 31/03/2026

» The Oil Fuel Fund has sought a guarantee from the Ministry of Finance for 150 billion baht in loans to stabilise domestic fuel prices, amid rising energy pressures.

BUSINESS

Customs rule change trims parcel imports

Business, Wichit Chantanusornsiri, Published on 30/03/2026

» Imported parcels delivered directly to recipients in Thailand have decreased in volume, while their prices have increased as a result of Customs Department measures.

BUSINESS

Thailand mulls windfall tax on oil refineries

Business, Wichit Chantanusornsiri, Published on 28/03/2026

» The Fiscal Policy Office (FPO) has acknowledged it is studying the feasibility of introducing a windfall tax on refinery businesses in Thailand.

BUSINESS

Battery tax proposal to bolster competitiveness

Business, Wichit Chantanusornsiri, Published on 12/03/2026

» A new battery tax structure is expected to help strengthen Thailand's competitiveness in the energy storage industry, according to the Excise Department chief.

BUSINESS

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%.

BUSINESS

Customs mulls duty hike on luxury goods

Business, Wichit Chantanusornsiri, Published on 16/02/2026

» The Customs Department is considering raising import duties on luxury goods to increase government revenue.

BUSINESS

Delay urged for online gold trade tax

Business, Wichit Chantanusornsiri, Published on 27/01/2026

» The Election Commission (EC) and the Council of State have indicated that a decision on imposing a specific business tax on gold trading via online platforms must await the formation of a new government.

BUSINESS

Collection 2% short of target in Q1

Business, Wichit Chantanusornsiri, Published on 27/01/2026

» The government's net revenue collection in the first quarter of fiscal 2026 (October–December 2025) amounted to 633 billion baht, falling 2% short of the target, mainly due to an accelerated refund of corporate income tax to businesses.