Showing 1 - 10 of 1,224
A lever to capture corporate tax scofflaws
Business, Wichit Chantanusornsiri, Published on 23/05/2024
» Global tax reform efforts, led by the Organisation for Economic Co-operation and Development (OECD), have been building momentum since 2021, reaching agreement on one of the two pillars of tax reform: the establishment of a global minimum tax.
Draft law aims to curtail profit shifting
Business, Wichit Chantanusornsiri, Published on 20/05/2024
» The Revenue Department expects draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax base to be implemented in 2025, which estimates suggest will boost tax revenue by 12 billion baht per year.
Finance official optimistic on H2
Business, Wichit Chantanusornsiri, Published on 16/05/2024
» The economy is poised for healthier growth in the second half of the year, with three significant financial injections planned to stimulate momentum.
Cabinet okays 10-year EEC visa for foreigners
Business, Wichit Chantanusornsiri, Published on 15/05/2024
» The cabinet has approved a special 10-year visa for executives and experts working in the Eastern Economic Corridor (EEC) to support the development of targeted industries in the country.
Casinos area limited for new project venues
Business, Wichit Chantanusornsiri, Published on 13/05/2024
» The government's planned integrated entertainment complex development project will have a casino component of no more than 5% of the project area, says Deputy Finance Minister Julapun Amornvivat.
Central bank urged to take FIDF debt burden
Business, Wichit Chantanusornsiri, Published on 11/05/2024
» A proposal by a Finance Ministry official to shift the debt burden responsibility of the Financial Institutions Development Fund (FIDF) to the Bank of Thailand (BoT) has been put forward, as the central bank is already responsible for repaying both the principal and interest of the debt.
Committee to promote Thai-Saudi ties
Business, Wichit Chantanusornsiri, Published on 10/05/2024
» Thailand and Saudi Arabia have agreed to establish a Joint Trade Committee (JTC) to promote trade between the two countries.
Digital wallet eligibility terms tweaked
Wichit Chantanusornsiri, Published on 08/05/2024
» The government has added a new condition for its digital wallet handout, saying recipients must not have more than 500,000 baht in their deposit accounts as of March 31.
Cabinet approves new energy subsidies
Business, Wichit Chantanusornsiri, Published on 08/05/2024
» The cabinet has endorsed initiatives aimed at easing people's energy expenses, covering caps on diesel and cooking gas prices, as well as subsidies for electricity bills for vulnerable groups.
Pichai takes finance helm
Business, Wichit Chantanusornsiri, Published on 08/05/2024
» Newly appointed Finance Minister Pichai Chunhavajira has vowed to expedite efforts to deal with household debt, revive the economy and increase individuals' income.