Showing 1 - 10 of 50
IBank finally flourishes
Business, Wichit Chantanusornsiri, Published on 02/03/2024
» Over the past two decades, the Islamic Bank of Thailand (IBank) has faced numerous challenges in becoming the sole financial institution in the country to provide sharia-compliant financial services in accordance with Islamic principles, says president Thaweelap Rittapirom.
Call to revamp procurement rules
Business, Wichit Chantanusornsiri, Published on 23/01/2024
» The Finance Ministry has ordered the Comptroller General's Department to amend procurement regulations in order to expedite the disbursement of the fiscal 2024 budget which could be delayed by 7-8 months, says Deputy Finance Minister Krisada Chinavicharana.
BoT cracks down on lending
Business, Wichit Chantanusornsiri, Published on 20/06/2023
» The Bank of Thailand plans to implement new lending guidelines to prevent over-indebtedness of household borrowers, says Siritida Panomwon Na Ayudhya, assistant governor of payment systems policy and financial consumer protection group.
Blockchain-led VAT refund app in global debut
Business, Wichit Chantanusornsiri, Published on 18/01/2020
» The roll-out of the world's first blockchain-powered value-added tax (VAT) refund for tourists via an app is estimated to increase foreign tourist spending by 10% in Thailand.
Latest tax break covers B60k of prenatal care, childbirth costs
Business, Wichit Chantanusornsiri, Published on 17/10/2018
» The Revenue Department is letting individual taxpayers claim an income tax deduction for prenatal care and childbirth expenses of up to 60,000 baht per tax year, with retroactive effect from Jan 1 this year, according to a department announcement.
Bill drafted for social enterprise profits
Business, Wichit Chantanusornsiri, Published on 23/08/2018
» A draft bill on social enterprises requires each social enterprise to reinvest at least 70% of profits into social activities, says a Finance Ministry source.
Politicians must ditch 'analogue consciences'
News, Wichit Chantanusornsiri, Published on 22/02/2018
» While the government has implemented projects to drive the Thai economy toward the digital era, the conscience of the powers-that-be and the rich remain outdated and trapped in the analogue era.
45 officials in crosshairs over Shin tax
News, Wichit Chantanusornsiri, Published on 01/08/2017
» Former permanent secretary for finance and the ex-director general of the Revenue Department are among 45 Finance Ministry officials under investigation for failing to demand Thaksin Shinawatra pay 17.6 billion baht in tax on profit made from the sale of shares in Shin Corp in 2006.
New property tax bill offers chance to narrow income gap
News, Wichit Chantanusornsiri, Published on 20/07/2017
» What level of wealth should make homeowners liable to the new tax structure? This is a question that members of the National Legislative Assembly (NLA) committee vetting a bill on the new land and building tax has been debating.
Revenue Department in Thaksin tax grab funk
News, Wichit Chantanusornsiri, Published on 28/03/2017
» The government's chances of taxing former prime minister Thaksin Shinawatra over his sale of the family's stake in Shin Corp are slim, according to a Revenue Department source.