Showing 1 - 10 of 27
Grasping the VAT nettle
Oped, Editorial, Published on 24/11/2025
» The proposal to raise value-added tax from 7% to 8.5% in 2028, and to 10% in 2030, by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas is a display of political courage rarely seen in a political landscape where politicians are quick to spend money in the name of "economic stimulus" but stay mum when asked how to finance the schemes.
Fine-tune visa policy
Oped, Editorial, Published on 21/01/2025
» In the wake of reports about the kidnapping of several Chinese citizens by scam syndicates operating across the border in Myanmar, Senator Wanchai Ekpornpich urged the government to urgently review Thailand's visa-free policy, which was recently expanded to include visitors from 93 countries and territories.
Communication is key
News, Editorial, Published on 12/12/2024
» Prime Minister Paetongtarn Shinawatra's public address today, outlining her government's achievements over the past three months, appears to be a move to shore up a faltering communication strategy after a series of recent missteps.
VAT rise needs care
News, Editorial, Published on 09/12/2024
» The debate over a potential value-added tax (VAT) hike has reignited following remarks by Finance Minister Pichai Chunhavajira at a seminar, where he mentioned ongoing studies on tax reform, including VAT adjustments.
Energy ghost resurrected
Oped, Editorial, Published on 14/09/2024
» Each new government must apparently now have its own "flagship" energy policy.
Adapt to new tax policy
News, Editorial, Published on 09/09/2024
» Thailand is now faced with the inevitable task of imposing a top-up tax on transnational firms operating within its borders, in compliance with the global requirements of the Global Minimum Tax (GMT). This tax policy imposes a formidable challenge for the government as it seeks to maintain the nation's competitiveness and continue attracting vital foreign direct investment (FDI).
VAT hikes just a Band-Aid
News, Editorial, Published on 19/02/2024
» A recent government initiative to curb the influx of low-priced goods from China may provide temporary respite for domestic producers. Nevertheless, removing the waiver on value-added tax for such goods will not solve the problem at its core nor in a sustainable manner.
Safety fear hurts image
Oped, Editorial, Published on 27/11/2023
» Foreign tourists were once the mainstay of Thailand's economy, contributing up to 1.76 trillion baht to the economy before the Covid-19 pandemic struck, or about 12% of the nation's gross domestic product.
Focus on economy first
News, Editorial, Published on 22/09/2023
» Strengthening the Thai passport is one of the Srettha Thavisin administration's top priorities. It was among the cabinet's agenda items during their first meeting earlier this month.
Time to tackle VAT
News, Editorial, Published on 29/08/2023
» It has become the pattern that every time the Ministry of Finance floats the idea of raising value-added tax (VAT) or making any changes at all, critics come out to bombard the plan, sending officials running for cover.