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LIFE

Illicit bank accounts face legal crackdown

Business, Wichit Chantanusornsiri, Published on 30/01/2023

» The Finance Ministry has instructed the Fiscal Policy Office (FPO) to find ways to tackle fraudsters' use of nominees to open bank accounts, says the ministry's permanent secretary Krisada Chinavicharana.

LIFE

Audit Office begins digital overhaul

Business, Wichit Chantanusornsiri, Published on 15/09/2021

» The State Audit Office (SAO), which was founded more than a century ago, has embraced the digital revolution by using advanced technology such as artificial intelligence (AI) for its auditing tasks.

LIFE

Landowners panic over tax changes

News, Wichit Chantanusornsiri, Published on 26/12/2019

» Operators of homestay and home-sharing premises will soon face much higher commercial property tax than buy-to-let homeowners who pay residential rates, the Finance Ministry says.

LIFE

Blockchain VAT refunds this month

Business, Wichit Chantanusornsiri, Published on 14/11/2019

» The Finance Ministry plans to adopt blockchain-based value-added tax (VAT) refund service for foreign tourists, starting from the end of this month.

LIFE

VAT refund for tourists hiked to B30,000

Business, Wichit Chantanusornsiri, Published on 18/10/2019

» The Revenue Department is set to raise the ceiling for value-added tax (VAT) refunds for tourists at downtown agents to 30,000 baht per traveller from 12,000 baht at present.

LIFE

Plans to streamline tourism handout

Business, Wichit Chantanusornsiri, Published on 04/09/2019

» The Comptroller-General's Department plans to streamline the registration process to attract merchants to participate in the 1,000-baht cash giveaway as well as the 15% rebate for travel to destinations outside home provinces as the participation level is below 50%.

LIFE

E-stamp tax for beer brewers

Business, Wichit Chantanusornsiri, Published on 02/07/2019

» The Excise Department is about to require that local beer brewers adopt electronic stamp duty in October, aiming to fix a tax leakage problem as beer tax revenue continues to fall short of target.

LIFE

BAAC targets B1bn via online farm platform sales

Business, Wichit Chantanusornsiri, Published on 22/06/2019

» The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) aims for 1 billion baht in sales over the next five years from an e-commerce platform designed as an online distribution channel for farmers.

LIFE

Revenue Department seeks more authority

Business, Wichit Chantanusornsiri, Published on 23/04/2019

» The Revenue Department must be allowed to request information from business operators to prevent avoidance of a levy on foreign-based online platform operators earning income in Thailand, says its chief.

LIFE

Somkid says 5G infrastructure a priority

News, Wichit Chantanusornsiri, Published on 19/03/2019

» Thailand must adopt 5G technology next year to prevent the country from lagging behind Vietnam, Deputy Prime Minister Somkid Jatusripitak warned on Monday after a meeting with state enterprises.