The art of raising taxes without incurring the public wrath

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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Photo from AP

Cryptocurrency tax exempt for trades on approved exchanges until end of 2023

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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Stores rejecting Thailand’s co-payment scheme fearing back taxes

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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e-tax e-service
(Photo by Claudio Schwarz)

Almost 100 global platforms ready to pay e-tax

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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Photo by Kazuhiro NOGI / AFP

GPO files defamation against two public figures over profit claim in Moderna deal

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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(Photo by Joseph Prezioso / AFP)

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

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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Thai Revenue Dept. denies imported COVID-19 vaccines are double taxed

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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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…

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Thailand VAT social tech firm

Revenue treads carefully into VAT collection from tech giants

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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Thai cabinet keeps VAT rate at 7% for another year

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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Finance to propose retaining 7 percent VAT up to another 2 years

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…

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Cabinet freezes VAT at 7 percent for another year

The 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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