Showing 41 - 50 of 74
Revenue mulls digital investment deduction
Business, Wichit Chantanusornsiri, Published on 07/11/2019
» The Revenue Department is considering extending a tax measure aimed at supporting digital infrastructure investment by businesses.
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.
Salt tax aims to change behaviour
Business, Wichit Chantanusornsiri, Published on 21/10/2019
» Instant noodles, snacks and seasoning powder have been targeted for taxation on salty foods, with the Excise Department likely to apply World Health Organisation (WHO) guidance on dietary sodium intake capped at 2,000 milligrammes per day as a benchmark to determine the levy rates.
Hunt for new tax streams underway
Business, Wichit Chantanusornsiri, Published on 16/09/2019
» Prasong Poontaneat, the finance permanent secretary, has delegated the Revenue Department to seek other tax sources to offset forgone revenue in the event that the Palang Pracharath Party's populist manifesto to cut personal income tax comes into force.
TCC submits business support schemes
Business, Wichit Chantanusornsiri, Published on 14/09/2019
» The Thai Chamber of Commerce (TCC) has proposed a raft of measures, including establishing permanent downtown value-added tax (VAT) refund points and a public-private committee tasked with solving taxation problems and regulatory obstacles, in order to facilitate business and drive the country's economic growth.
VAT gradually falling short of 2019 target
Business, Wichit Chantanusornsiri, Published on 09/09/2019
» The Revenue Department estimates that value-added tax (VAT) collection will fall short of the target for this fiscal year because of waning domestic consumption and the stronger baht, and the shortfall could extend to next year if the situation remains unchanged.
Lower tobacco levy to help out farmers
Business, Wichit Chantanusornsiri, Published on 12/08/2019
» The Finance Ministry is planning to propose cutting the tobacco excise tax by one-fourth to lessen the impact on farmers after the previous government hiked the tax from 0.5 satang to 10 satang per gramme.
Finance Ministry tasked with protecting Thai economy
Business, Wichit Chantanusornsiri, Published on 03/08/2019
» Finance Minister Uttama Savanayana has instructed his ministry to seek measures to cushion the economy against global volatility.
Excise Department studies online streaming service levy
Business, Wichit Chantanusornsiri, Published on 26/06/2019
» The Excise Department is studying a tax on online gaming and music and movie streaming services that collect fees from subscribers in a bid to cash in on the fast-growing market.
Revenue Department pushes e-invoices
Business, Wichit Chantanusornsiri, Published on 05/06/2019
» Entrepreneurs who use e-tax invoices or e-receipts will help reduce the cost of tax compliance by five times, says the Revenue Department.