The government has launched tax breaks to encourage consumer spending this year, in a bid to stimulate the economy. But will it work and who is going to benefit? From…
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The government has launched tax breaks to encourage consumer spending this year, in a bid to stimulate the economy. But will it work and who is going to benefit? From…
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The Cabinet decided today (Wednesday) to retain the 7% value-added tax (VAT) rate on goods and services until September 30, 2024, to stimulate economic recovery through spending on consumer products…
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The Ministry of Finance has no policy to increase value-added tax from 7% to 10%, to generate more revenue to fund old age pensions, according to Pornchai Theeravet, director of…
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It is common sense for politicians to campaign on a platform of tax cuts in the run-up to an election, as opposed to making a case for tax hikes, which…
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Investors who trade cryptocurrencies or digital tokens through properly registered exchanges will be entitled to a 7% VAT exemption on the transfer of the digital assets, retroactively from April 1st…
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Several eateries and stores have put up signs, saying that they do not accept payment via the Government’s 50:50 co-payment stimulus scheme because they are afraid that revenue officials may…
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Amid a sharp decline in tax collections due to COVID-19, Thailand’s newly levied e-service tax has emerged as a welcome source of revenue for the exchequer. The 7 percent value-added…
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Thailand’s Government Pharmaceutical Organization (GPO) has lodged a complaint with Phaya Thai police in Bangkok, accusing Dr. Boon Vanasin and Mr. Loy Chunpongtong of spreading false information about profit being…
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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…
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Thailand’s Revenue Department has refuted an allegation that it will levy double taxation on COVID-19 vaccines imported by the private sector, resulting in higher charges for inoculations. Sommai Siriudomset, spokesperson…
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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…
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Legal challenges await the Revenue Department’s plan to collect value-added tax (VAT) from cross-border e-services for the first time in Thailand, given the threat of counter measures from the US…
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The Thai cabinet today decided to retain the 7% value-added tax rate for all trade transactions, services and imports subject to VAT until the end of September next year. Finance…
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Thailand’s Finance Ministry will propose to the cabinet that the current 7% value-added tax rate be retained for a further one to two years, in line with the current economic…
Read MoreThe Cabinet today decided to maintain the value-added tax at 7 percent for another year as of October 1. Mr Natthaporn Jatusripitak, spokesman of Deputy Prime Minister Somkid Jatusripitak,…
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