Government
Mekong nations tighten anti-drug blitz
The Mekong region is no longer a mysterious place, as it has now become the world’s main hub of illicit drugs across multiple frontiers. Last month, anti-drug officials from riparian countries — Thailand, Vietnam, Cambodia, Laos, Myanmar, China — and the United Nations Office on ...
Kavi Chongkittavorn
Govt launches new tax deduction scheme for long-term investment in mutual funds
The government has launched a so-called super savings fund (SSF) aimed at encouraging people to invest in long-term mutual funds by offering tax deductions of up to 30 per cent of annual income.The Cabinet approved the Finance Ministry’s proposal on the new tax scheme, Finance ...
The Nation Reporter
EU paper outlines measures to boost business ties with Thailand
The European Association for Business and Commerce (EABC) on Friday (November 29) called for enhanced competitiveness, further improvement of ease of doing business, and negotiation of an EU‐Thailand Free Trade Agreement.The EABC said these factors were crucial to strengthen Thailand’s economy, support the Thailand 4.0 ...
The Nation Reporter
Blockchain in the works for oil exports
The Excise Department will devise a method to refund overpaid taxes to oil exporters in a manner that stems leakages, its chief says.The change in the tax refund practice will use blockchain, which the department plans to adopt by the middle of next year, said ...
Wichit Chantanusornsiri
Border pact signed with Myanmar
Thailand and Myanmar signed a memorandum of understanding (MoU) on cross-border transport during a recent Greater Mekong Subregion (GMS) conference, Deputy Transport Minister Thaworn Senneam said on Wednesday.The signing took place at the 23rd GMS meeting in Phnom Penh on Monday.The MoU is part of ...
Bangkok Post Reporter
South China Sea, Rohingya on agenda in Asean defence meeting
Ten defence ministers from Southeast Asian Nations on Sunday held an informal meeting in Bangkok with regional issues, including the South China Sea and Rohingya crisis on their agenda.The retreat was chaired by Deputy Prime Minister Prawit Wongsuwon, who in charge of security affairs. At ...
Customs reports tax shortfall
The Customs Department’s tax revenue collection missed its target by 1.1% in the first month of fiscal 2020.The tax-collecting agency in October gathered 52.1 billion baht, of which 8.7 billion was the Customs Department’s revenue and the remainder was revenue the department collected on behalf ...
Wichit Chantanusornsiri
Plans aim to bring 4m into income tax system
The Revenue Department plans to adopt a carrot-and-stick approach in an effort to add 3-4 million individual and corporate taxpayers to the system, its chief says. The department must convince those with taxable income to enter the tax system, said Ekniti Nitithanprapas, director-general of the ...
Wichit Chantanusornsiri
Thailand supports Vietnam as ASEAN chair in 2020
Prime Minister Gen Prayut Chan-o-cha said Thailand stands ready to support Vietnam as chair of ASEAN in 2020 and thanked Vietnam for supporting Thailand as this year’s ASEAN chair.Keep watching ...
More welfare benefits on the way, says Uttama
Finance Minister Uttama Savanayana has announced that holders of state welfare cards can expect more benefits soon.Speaking at an economic seminar in Chiang Mai on Wednesday (October 30), he said the government planned to add accident insurance for the 14.6 million people recipients, as well ...
The Nation Reporter