Taxation

The National Legislative Assembly (NLA) has passed a bill meant to ensure more effective tax collection, especially from e-commerce businesses. Under the bill proposed to the NLA meeting yesterday (Dec 4), financial institutions will be required to report transactions of customer accounts which receive either ...

The shopping tax allowance to be announced next week by the government will satisfy the middle class, but will do little to boost the overall economy, a prominent economist said Wednesday (Nov, 28).Anusorn Tamajai, dean of Rangsit University’s Economics Faculty, said the year-end shopping scheme ...

The Finance Ministry is planning to develop an integrated electronic tax system, aiming to facilitate swift tax payments and refunds. The Revenue Department is tasked with developing all tax systems to to be compatible with an electronic platform, including a system to offset tax payments and ...

Deputy Finance Minister Wisudhi Srisuphan has hailed the bill on land and buildings tax, which is on the verge of sailing through the National Legislative Assembly (NLA), as a significant overhaul of the tax structure.Keep reading ...

The Revenue Department is letting individual taxpayers claim an income tax deduction for prenatal care and childbirth expenses of up to 60,000 baht per tax year, with retroactive effect from Jan 1 this year, according to a department announcement. Keep reading ...

The Ministry of Finance will seek cabinet approval for its latest scheme to exempt social welfare cardholders from the value-added tax (VAT). Finance Minister Apisak Tantivorawong said today (Sep 09) that the new scheme will help 11.4 million low-income earners enrolled in the social welfare ...

The Revenue Department says the draft bill on revocation of the value-added tax (VAT) exemption for online purchases of goods worth less than 1,500 baht from vendors outside of Thailand that are shipped by mail will be ready soon. Keep reading ...

The Revenue Department anticipates that 80-100 large foreign-based digital platform operators that render services to Thai consumers will sign up as value-added tax (VAT) registrants in Thailand after the e-business tax comes into force. Keep reading ...

The planned repayment of value-added tax (VAT) to government welfare smart card holders is expected to take shape by the end of this year, a move meant to improve their purchasing power.Keep reading ...

The Cabinet has given the green light to a draft bill on windfall tax relating to tax collection from owners of properties worth more than Bt50 million that have benefited from transport projects.Keep reading ...