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BUSINESS

B150 billion available for ‘quick-win’ stimulus

Wichit Chantanusornsiri, Published on 17/09/2025

» The new Thai government has financial ammunition of roughly 150 billion baht to carry out its “quick-win” stimulus projects, according to a Ministry of Finance official who requested anonymity.

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BUSINESS

Ministry eyes gain of greater than 3%

Business, Wichit Chantanusornsiri, Published on 22/01/2025

» The Finance Ministry expects Thai GDP to grow by more than 3% this year, supported by robust expansion in the first quarter.

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THAILAND

Cabinet okays 'easy e-receipts' scheme

News, Wichit Chantanusornsiri, Published on 25/12/2024

» The cabinet yesterday approved the "easy e-receipts" scheme where eligible purchases can be deducted against personal income tax, says Deputy Finance Minister Julapun Amornvivat.

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BUSINESS

State bullish on Easy E-Receipt scheme

Business, Wichit Chantanusornsiri, Published on 21/12/2024

» The government expects the new tax rebate programme that lets people deduct up to 50,000 baht in personal income tax for goods purchases to help stimulate spending, generating around 70 billion baht in economic circulation.

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BUSINESS

Finance Minister says low inflation, strong baht hinder growth

Business, Wichit Chantanusornsiri, Published on 20/12/2024

» Inflation remains too low and the baht is excessively strong, which is not conducive to economic expansion, says Finance Minister Pichai Chunhavajira.

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BUSINESS

Law to tax income from overseas in the works

Wichit Chantanusornsiri, Published on 06/09/2024

» The Thai Revenue Department is drafting a law to tax the income of individuals residing in Thailand that originates from overseas.

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BUSINESS

Department promotes promising stars in lacklustre year

Business, Wichit Chantanusornsiri, Published on 18/04/2024

» The Revenue Department says there are significant challenges this year achieving tax collection targets because of the slowdown in economic activities, although it has identified five sectors that show promise.

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BUSINESS

Ministry provides warning on revenue

Business, Wichit Chantanusornsiri, Published on 26/02/2024

» Government revenue collection in fiscal 2024 may not exceed the target, unlike last year, says Deputy Finance Minister Krisada Chinavicharana.

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BUSINESS

Tapping a vast market

Business, Wichit Chantanusornsiri, Published on 12/02/2024

» The restoration of diplomatic relations between Thailand and Saudi Arabia in 2022 following a 30-year break has created new opportunities for Thailand to tap into demand for its halal products in Middle Eastern markets.

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BUSINESS

Revenue to launch AI to scrutinise taxes

Business, Wichit Chantanusornsiri, Published on 13/03/2023

» The Revenue Department is using artificial intelligence (AI) to examine tax payments, enabling deeper scrutiny and preventing tax evasion, says director-general Lavaron Sangsnit.