Showing 1 - 6 of 6
Council sees tourism as key driver of GDP
Business, Molpasorn Shoowong, Published on 17/02/2026
» The Tourism Council of Thailand (TCT) expects the tourism industry to be a major driver of GDP growth this year as flights and arrivals continue to rebound, though rising untaxed online travel agents and illegal foreign operators continue to limit the full benefits of the rebound.
Pushback on VAT scheme for Thai SMEs
Business, Wichit Chantanusornsiri and Kuakul Mornkum, Published on 09/05/2025
» Even though Finance Minister Pichai Chunhavajira has decided not to impose the value-added tax (VAT) on businesses earning less than 1.8 million baht annually to increase state revenue and reduce the budget deficit, the business community and especially small and medium-sized enterprises (SMEs) are concerned that any expansion of VAT would exacerbate their struggles.
Earthquake unlikely to damage Thai GDP
Business, Wichit Chantanusornsiri, Published on 01/04/2025
» The impact of last week's earthquake is unlikely to affect Thai GDP this year, says Deputy Finance Minister Paopoom Rojanasakul.
Income taxes may dip on trend, as VAT hikes
Business, Wichit Chantanusornsiri, Published on 18/01/2025
» Global trends are shifting towards reducing income taxes and increasing consumption and wealth taxes, according to finance permanent secretary Lavaron Sangsnit.
Luxury cars on auction road
Business, Wichit Chantanusornsiri, Published on 09/09/2019
» The Customs Department plans to continue with auctioning 4,000 seized luxury cars next year after the process was halted following the Land Transport Department's refusal to register the vehicles.
Airbnb's unpaid tax bill remains a double-edged sword
Business, Jesus Alcocer, Published on 19/05/2018
» Airbnb's corporate taxes could bring in millions of baht to state coffers and set it on a level playing field with traditional hospitality operators. But taxing the online platform, now on legally dubious grounds in Thailand, could also reduce the overall benefits the Thai economy derives from it.