Showing 51 - 60 of 74
Depositors required to give up income data
Business, Wichit Chantanusornsiri, Published on 19/04/2019
» All depositors earning interest income are required to provide consent to banks to submit their interest income data to the Revenue Department to avoid losing a 15% withholding tax exemption if they earn income of less than 20,000 baht a year.
Revenue Department targets online vendors
Business, Wichit Chantanusornsiri, Published on 05/03/2019
» The Revenue Department aims to raise the number of individual taxpayers by 10% this year, with a focus on online vendors outside the tax system.
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.
E-business levy draft bill stuck in limbo
Business, Wichit Chantanusornsiri, Published on 09/01/2019
» A draft bill on e-business tax, a levy on foreign-based online platform operators earning income in Thailand, is at risk of not being vetted by lawmakers before the government leaves office.
Web scraping a new tool in revenue hunt
Business, Wichit Chantanusornsiri, Published on 03/01/2019
» The Revenue Department plans to launch a trial run of web scraping, a technique used for extracting data from websites, in order to prevent tax avoidance by pure-online vendors.
Incentive to spur tree growth
Business, Wichit Chantanusornsiri, Published on 28/12/2018
» The Revenue Department wants to let individual and corporate taxpayers deduct expenses incurred from planting high-value trees from their income tax to comply with the government's push to raise the number of such trees to 1 billion in the next decade.
Revenue Department's data analytics beat target
Business, Wichit Chantanusornsiri, Published on 24/12/2018
» The Revenue Department's tax collection for the first two months of fiscal 2019 was higher than expected by double digits, largely stemming from better efficiency following adoption of data analytics.
Finance Minister doubts sodium tax
Business, Wichit Chantanusornsiri, Published on 04/12/2018
» Finance Minister Apisak Tantivorawong has raised an eyebrow at the Excise Department's proposed tax on salty foods, saying it is insufficient as written as a lot of effort would be required for the enforcement of a minimal levy amount.
Excise rejig could boost electric vehicles
Business, Wichit Chantanusornsiri, Published on 19/11/2018
» The Excise Department could revise its tax structure for conventional cars by tightening greenhouse gas emission limits in a push to encourage electric vehicle (EV) production and usage in Thailand.
Excise wants levy on salty, fatty ingredients
Business, Wichit Chantanusornsiri, Published on 09/11/2018
» The Excise Department plans to tax ingredients that are sources of salt as part of efforts to impose levies against products that are harmful to health, its chief says.