Government

The Cabinet on Tuesday approved fresh borrowing of 1.344 trillion baht for the new fiscal year, which starts next month.The new borrowing comes under the Cabinet-approved debt management plan. The plan includes 1.5 trillion baht already borrowed by the government plus a 2022 repayment plan ...

Thailand will enforce the e-service tax law from Wednesday, following in the footsteps of more than 60 countries around the globe which collect value-added tax (VAT) from foreign e-service operators reaping income in their territories.These countries, including Australia, New Zealand, Japan, Taiwan and South Korea, ...

The Cabinet on Tuesday agreed to maintain the VAT rate at 7 per cent for another two years from October 1, 2021, to September 30, 2023. The 7 per cent rate of value-added tax will be collected on sales of goods, services, and all imports ...

House Speaker Chuan Leekpai says parliament will convene on Aug 18-20 to deliberate the budget bill for the 2022 fiscal year, despite the Covid-19 pandemic.He and Senate Speaker Pornpetch Wichitcholchai agreed that parliament would postpone its meetings scheduled for this week and Aug 4-5 due ...

Surveyors are designing a route for a new expressway in Laos that will cut travel time between northern Thailand and southern China.Liu Jingwei, an official overseeing the project, said officials were surveying the route for the expressway that will connect Huayxai in Laos’ Bokeo province ...

The joint parliament sitting on Thursday passed only one out of 13 constitutional change bills in the first reading.The legislation would raise the number of constituency MPs from 350 to 400 and restore the old selection formula for 100 list MPs.The bill was proposed by ...

The government plans to increase its investment budget by 90 billion baht in fiscal 2022, in compliance with a law related to state financial and fiscal discipline, says Dechapiwat Na Songkhla, director of the Budget Bureau.The House of Representatives is scrutinising the fiscal 2022 budget, ...

Parliament on Wednesday started debating a bill to allow the government to borrow an additional 500 billion baht to help deal with the country’s latest and biggest coronavirus outbreak.The economy is expected to grow only 1.5%-2.5% this year after last year’s 6.1% slump, with tourism ...

The Government Lottery Office (GLO) will open a new online channel for sale of lottery tickets next month in a bid to combat overpricing.Lottery tickets are often sold for higher than the advertised price of 80 baht, GLO director Pol Col Boonsong Chantreesri noted.To help ...

A former finance minister on Monday submitted a petition to the Supreme Admin Court asking it to revoke cabinet approval for a 700-billion-baht loan to combat the kingdom’s public health crisis.The cabinet recently approved the draft of an executive decree authorising the government to borrow ...