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Ex-PM Thaksin wins 17 billion baht Revenue Department tax case

August 9, 2022
by Nad Bunnag
Comments Off on Ex-PM Thaksin wins 17 billion baht Revenue Department tax case

Exiled former Thai prime minister Thaksin Shinawatra has won a tax case, involving the Revenue Department, after the Central Tax Court ruled that the department’s order for his two children…

The crypto tax will cover five sources of gains: sales or exchange of digital assets, crypto mining, receiving crypto as wages, getting digital assets as gifts or rewards, and benefits or investment returns from holding crypto and digital tokens. (Photo by olieman.eth)

The taxman comes calling for crypto investors

February 8, 2022
by Tulip Naksompop Blauw
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Investors are worried about their tax liability and the method of calculation after the Revenue Department issued on January 31 tax guidelines for individuals engaging in crypto and digital token…

Public advised to be wary after Revenue Department’s Twitter account was hacked

January 16, 2022
by Mintra Adair
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The Thai Revenue Department has warned the public to be extremely wary of information appearing on its Twitter account after it was attacked by unknown hackers. According to the Anti-Fake…

According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by Quantitatives.io)

Taxing cryptocurrency trading — an uncharted course

January 16, 2022
by Tulip Naksompop Blauw
Comments Off on Taxing cryptocurrency trading — an uncharted course

The digital assets industry is up in arms over the Revenue Department’s plan to levy tax on capital gains or benefits derived from cryptocurrencies and other digital asset transactions. With…

Former revenue chief and senior official get life for ฿3bn illegal tax refund

August 19, 2021
by Tulip Naksompop Blauw
Comments Off on Former revenue chief and senior official get life for ฿3bn illegal tax refund

Former Revenue Department Director-General Sathit Rangkhasiri and a former Bangkok-based senior revenue official, Siripong Riyakarnthirachote, were sentenced to life in prison by the Criminal Court for Corruption and Misconduct Cases…

(Photo by Joseph Prezioso / AFP)

Thai Revenue Department denies charging VAT on vaccines bought by private hospitals

July 11, 2021
by Kitipat Chuensukjit
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The Revenue Department has dismissed, as groundless, a report widely circulated on social media that it is charging value-added tax (VAT) on COVID-19 vaccines being procured by private hospitals, through…

(Photo by PORNCHAI KITTIWONGSAKUL / AFP)

Tax hikes may be unavoidable in post-COVID economy

April 8, 2021
by Tulip Naksompop Blauw
Comments Off on Tax hikes may be unavoidable in post-COVID economy

COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…

Revenue Dept. uses ‘carrot and stick’ to encourage dodgers to pay taxes

November 4, 2019
by Kitipat Chuensukjit
Comments Off on Revenue Dept. uses ‘carrot and stick’ to encourage dodgers to pay taxes

Thailand’s Revenue Department is employing a ‘carrot and stick’ approach to persuade about three million income-earners and about 140,000 entrepreneurs, who have never paid income taxes, to pay up. Revenue…

Authorities backtrack on move to tax interest from bank deposits

April 23, 2019
by Kitipat Chuensukjit
Comments Off on Authorities backtrack on move to tax interest from bank deposits

The Revenue Department has withdrawn a much-criticized demand for bank depositors to provide written consent to allow their banks to deduct tax on interest earned on deposits. Revenue Department spokesman…

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