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Search Result for “taxation”

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THAILAND

Motorbike CO2 tax 'not aimed at profit'

Business, Wichit Chantanusornsiri, Published on 27/03/2018

» The planned tax on motorcycles and oil that is to be based on carbon dioxide (CO2) emissions exceeding the maximum threshold is not aimed at making profits, but rather for environmental purposes, says the Excise Department.

BUSINESS

Revenue Department targets more refunds

Business, Wichit Chantanusornsiri, Published on 06/02/2018

» The Revenue Department expects the number of individual taxpayers who receive tax refunds for the 2017 tax year will be 25% higher than 2016 at 4 million, thanks to the larger number of standard deductions and allowances and the widened income band of the 30% tax bracket and the top rate.

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BUSINESS

Minimum wage deduction set to rise

Business, Wichit Chantanusornsiri, Published on 26/01/2018

» The Finance Ministry will soon seek cabinet approval to temporarily raise tax-deductible expenses for the minimum wage paid to employees to 1.15 times from 1 at present, an adjustment that can absorb employment costs of 9-10 baht a day per employee if it wins the nod, says Finance Minister Apisak Tantovorawong.

BUSINESS

Excise Department gauges impacts of new excise levy

Business, Wichit Chantanusornsiri, Published on 21/12/2017

» The Excise Department is considering the effect of a new excise tax on markets and operators to ensure the levy really provides a level playing field following implementation on Sept 16, says the department chief.