Government

The public investment budget for the seven months through April was 5.86 percentage points higher than targeted, says a senior official at the Comptroller-General’s Department. State agencies took out 370 billion baht of their investment budget during October 2018 to April 2019, representing 66.7% of the ...

The Revenue Department is warning corporate taxpayers that it has already adopted data analytics and a risk-based auditing system that can better track the accuracy of tax payments. The tax-collecting agency is using high-tech software to evaluate the financial position of operators relative to their ...

Thailand’s official election results due this week are set to boost a push by a pro-military party to form a governing coalition, unless an imminent court ruling complicates the picture.The party, Palang Pracharath, is a proxy for the military government and is duelling for power ...

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 ...

Thai PM’s appearance at the second Belt and Road Initiative forum in Beijing last weekend suggests the luke-warm relations between China and Thailand persist. Whilst both nations portray a strong willingness to progress in their financial partnerships there is still a gulf between the two ...

Some 24,000 small and medium-sized enterprises (SMEs) have already signed up to sort out their financial accounts from 2016-17, meeting standards to avoid late payment penalties and criminal liability, says the chief of the Revenue Department. Keep reading ...

Cambodia and Thailand have agreed to develop more strategies to boost bilateral trade, cross border development and investment to achieve a target of USD 15 billion in trade between the two ASEAN neighbors by 2020.Keep watching ...

Thai people believe politics and corruption are the most severe problems facing the country, followed by the lack of democracy and a weak economy, according to the result of an opinion survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.Keep reading ...

The Treasury Department has reassured that a new method for appraising land and buildings will not result in higher land and building tax rates as several parties have suggested, while the Fiscal Policy Office (FPO) estimates about Bt40 billion per year in additional government revenues ...

Prime Minister Prayut Chan-o-cha has poured cold water on the idea of a national government to save the country from political deadlock. Gen Prayut on Tuesday said the law must be studied carefully although it may be premature to entertain the notion of a national ...