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BUSINESS

Calm approach on tax reforms urged

Business, Wichit Chantanusornsiri, Published on 17/07/2023

» The Finance Ministry's permanent secretary Krisada Chinavicharana is warning the new government that tax reforms to increase revenue must not cause a shock to the economy.

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BUSINESS

Social Security Fund dips by B17.6bn

Business, Wichit Chantanusornsiri, Published on 11/07/2023

» In 2022, the Social Security Fund (SSF) declined by more than 17.6 billion baht, the first drop in five years, as a result of decreased market capitalisation (mark to market) and reduced contributions to alleviate the financial burden of subscribers during the pandemic, says a Finance Ministry source who requested anonymity.

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BUSINESS

SME D Bank loans set to reach B70bn

Business, Wichit Chantanusornsiri, Published on 12/07/2023

» Most loans being issued by the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) are to increase liquidity, with only a few for investment as entrepreneurs are still concerned about the unclear political situation, according to president Nartnaree Rathapat.

BUSINESS

New measures to help SMEs in state auctions

Business, Wichit Chantanusornsiri, Published on 14/07/2023

» The Comptroller-General’s Department has issued measures to help small and medium-sized enterprises (SMEs) gain access to government auctions, aiming to deter large firms disguised as SMEs from participating in them, says comptroller-general Kulaya Tantitemit.

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BUSINESS

Revenue to unveil chatbot

Business, Wichit Chantanusornsiri, Published on 10/07/2023

» The Revenue Department is preparing to introduce a chatbot to offer answers to taxpayers online as a new channel for virtual tax consultation, says director-general Lavaron Sangsnit.

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BUSINESS

Budget spending sped up

Business, Wichit Chantanusornsiri, Published on 07/07/2023

» The Comptroller-General's Department plans to expedite the disbursement of state investment budgets in the last quarter of fiscal 2023 because they have been below target the past three quarters, says comptroller-general Kulaya Tantitemit.

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BUSINESS

Customs urged to speed up clearance process

Business, Wichit Chantanusornsiri, Published on 03/07/2023

» Finance Minister Arkhom Termpittayapaisith has urged the Customs Department to expedite the customs clearance procedures for exports and imports, particularly those pertaining to the automotive industry.

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BUSINESS

Businesses urged to use digital tax system

Business, Wichit Chantanusornsiri, Published on 04/07/2023

» The Revenue Department is encouraging entrepreneurs to use the digital tax system, which will make value-added tax (VAT) refunds five times faster than they currently are, says the director-general Lavaron Sangsnit.

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BUSINESS

Agency upbeat on use of blockchain tech

Business, Wichit Chantanusornsiri, Published on 05/07/2023

» The Comptroller-General's Department (CGD) believes the use of the blockchain technology in government auctions will increase transparency and create fairness for all bidders, says comptroller-general Kulaya Tantitemit.

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BUSINESS

Government outperforms revenue goals

Business, Wichit Chantanusornsiri, Published on 27/06/2023

» Government revenue for the first eight months of fiscal 2023 exceeded its target by 122 billion baht as a result of economic recovery and active imports, says Fiscal Policy Office director-general Pornchai Thiraveja.