News

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

New tax law to see online, bank transfers to be monitored

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 ...

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