Showing 1 - 10 of 1,087
39% of Q3 investment budget spent
News, Wichit Chantanusornsiri, Published on 13/06/2024
» The disbursement of the government's investment budget in the third quarter of this fiscal year has reached almost 40%, nearly double the set target thanks to the accelerated disbursement measures, according to Finance Minister Pichai Chunhavajira.
Official backs B122bn added budget
Business, Wichit Chantanusornsiri, Published on 06/06/2024
» Permanent finance secretary Lavaron Sangsnit has insisted the preparation of an additional budget totalling 122 billion baht for fiscal 2024 is still within the framework of fiscal discipline.
Top-up tax draft heads to cabinet
Business, Wichit Chantanusornsiri, Published on 04/06/2024
» 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 is scheduled to be presented to the cabinet for approval in the next two weeks, says Deputy Finance Minister Julapun Amornvivat.
Ministry reports shortfall in revenue
News, Wichit Chantanusornsiri, Published on 04/06/2024
» The government's revenue collection in the first seven months of the 2024 fiscal year was nearly 40 billion baht under the 1.4 trillion baht target due to a reduction in fuel taxes and a decrease in vehicle tax collection.
Minister unveils effort to shrink credit blacklist
Business, Wichit Chantanusornsiri, Published on 30/05/2024
» Finance Minister Pichai Chunhavajira has pitched shortening the duration for bad debtors to remain on the National Credit Bureau's blacklist, allowing them to access new borrowing opportunities sooner.
B50bn in credit guarantees for SMEs
Business, Wichit Chantanusornsiri, Published on 29/05/2024
» The Finance Ministry is preparing a credit guarantee fund worth 50 billion baht to help small and medium-sized enterprises (SMEs) access credit.
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.
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.
More fiscal measures on the cards
Business, Wichit Chantanusornsiri, Published on 07/05/2024
» The Finance Ministry plans to study fiscal measures that can create economic momentum following the implementation of the digital wallet stimulus project.