News
Department studies income tax cut
The Revenue Department is studying two options for the government’s personal income tax cut campaign promise — one an outright 10-percentage point cut across tax brackets and the other a 10% cut across brackets.For the cut by 10 percentage points, individual taxpayers who are liable ...
Wichit Chantanusornsiri
Uttama eyes tax adjustments
Finance Minister Uttama Savanayana on Saturday pledged to consider adjusting income tax and corporate tax to bring the two rates closer.The maximum bracket for income tax is 35% while that of the corporate tax is 20%, he said.The impact of any adjustments to these taxes, ...
Wichit Chantanusornsiri
Department to bump up tax base
The Revenue Department aims to add 200,000 individuals to the income tax base every year, says director-general Ekniti Nitithanprapas. The number of individual income tax filers surged by 300,000 from 10.9 million in 2017 to 11.2 million last year, he said. Salary earners and small businesses ...
Wichit Chantanusornsiri