Government

The cabinet has approved the cut of the tax on land and buildings by 90% of the amount due for the 2020 tax year to relieve people’s burden, Prime Minister Prayut Chan-o-cha said.The cabinet approved on Tuesday a royal decree on the cut as proposed ...

The government is able to borrow an additional 100 billion baht to offset a budget deficit if state revenue collection for fiscal 2021 misses its target, says the Budget Bureau.If the coronavirus outbreak is still battering the economy and causes a shortfall in state revenue ...

Due to the global crisis caused by the COVID-19 pandemic, the Thai government has implemented a number of important initiatives aimed at supporting the Thai economy and affected industries.As part of these initiatives, the Ministry of Finance of Thailand has enacted several important short term ...

The revenue target for the three tax-collecting agencies this fiscal year is unlikely to be met after the Covid-19 outbreak disrupted business activities.The Revenue Department’s tax collection fell short of its target by 2.2% for the first half of this fiscal year, and the magnitude ...

The COVID-19 pandemic has cast a pall over the global economy, making it impossible to anticipate even the near future. Restrictions on cross-border movements, along with national lockdowns, are rapidly reducing global production and consumption, and disrupting value chains. Growing uncertainties are creating a vicious ...

Government plans cash handouts to farmers’ families of between Bt15,000 and Bt30,000 a month per family. The figure is yet to be finalised by ministers and the cost is estimated at Bt130 billion to Bt400 billion.The Finance Ministry will propose to the Cabinet to support ...

People whose application for the government’s cash handout scheme was rejected during the screening process will be able to submit additional evidence to show that they are affected by Covid-19 situation.Minister of Finance secretary Thanakorn Wangboonkongchan said on Friday that the campaign had already disbursed ...

Thailand and the United States on Wednesday discussed “proactive” economic, trade and investment cooperation, which will be crucial for salvaging the economy in the aftermath of the new coronavirus pandemic.The discussion was carried out between Prime Minister Prayut Chan-o-cha and Michael George DeSombre, the new ...

The government is set to appropriate 10% of the fiscal 2020 budgets of each ministry for a central fund to fight the pandemic and rehabilitate the economy.The plan is part of a third round of government measures to stem the impact of the outbreak. These ...

The Mekong-Lancang Cooperation Mechanism (MLC) is a cooperation mechanism in line with the current trend of globalisation and integration.The MLC aims to promote comprehensive cooperation to build a community of responsibilities and common interests in the subregion. In addition, the MLC also has other goals ...