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THAILAND

Predee quits finance post

News, Wichit Chantanusornsiri, Published on 02/09/2020

» Finance Minister Predee Daochai has resigned after only 26 days in the job in the wake of a reported conflict with his deputy over the appointment of the director-general of the Excise Department.

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THAILAND

Big spend coming, says Uttama

News, Wichit Chantanusornsiri, Published on 06/08/2019

» Expanding Thailand Future Fund (TFF) investment and tax reform are two priority policies that will boost development and help to reduce income inequality, Finance Minister Uttama Savanayana told the Bangkok Post Forum 2019 on Monday.

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THAILAND

Somkid: Coalition to put off investors

Business, Wichit Chantanusornsiri, Published on 14/03/2019

» Deputy Prime Minister Somkid Jatusripitak is concerned that a fractured coalition will delay the formation of the next government and dampen investor confidence.

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THAILAND

FPO proposes debt test to screen welfare smartcard recipients

Business, Wichit Chantanusornsiri, Published on 14/12/2018

» The Fiscal Policy Office (FPO) has floated the idea of adding debt burden to the criteria in screening recipients for the government's welfare and subsidy scheme for the poor in an effort to weed out cheats.

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THAILAND

Deductions for political contributions approved

Business, Wichit Chantanusornsiri, Published on 09/10/2018

» The Revenue Department is allowing tax deductions for contributions to political parties, with a cap of 10,000 baht for individual taxpayers and 50,000 baht for companies.

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THAILAND

Populist budget close to legal limit

Business, Wichit Chantanusornsiri, Published on 14/08/2018

» Little room remains in the budget for the government to spend further on populist policies through state-owned financial institutions, as populist spending is nearing the cap of 30% of the annual budget, says an informed source at the Finance Ministry.

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THAILAND

Ministry says 5% growth possible

Business, Wichit Chantanusornsiri, Published on 27/07/2018

» Thai GDP growth of 5% is likely this year if the global economy's performance and state spending outpace expectations, the Finance Ministry says.

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THAILAND

VAT return scheme for poor shaping up

Business, Wichit Chantanusornsiri, Published on 12/07/2018

» The planned repayment of value-added tax (VAT) to government welfare smartcard holders is expected to take shape by the end of this year, a move meant to improve their purchasing power.

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THAILAND

Yingluck's kin run rent risk on her house

News, Wichit Chantanusornsiri, Published on 02/02/2018

» Yingluck Shinawatra's husband and son may have to seek permission or pay rent if they want to remain in a recently seized house thought to be owned by the fugitive former PM, Deputy Prime Minister Wissanu Krea-ngam said on Thursday.

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THAILAND

Infants' tax credit aims to reverse ageing tide

Business, Wichit Chantanusornsiri, Published on 06/12/2017

» The Revenue Department is set to allow individual taxpayers to double the child allowance claimed for the second child onward to 60,000 baht each as part of fresh efforts to reverse the demographic shift towards an ageing society.