Friday, 22 September 2017
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thailand - Tax & Revenue

Commerce Ministry tightens Control on Liquor, Tobacco Prices after Tax Hike

NONTHABURI, 20 September 2017 (NNT) - The Ministry of Commerce is undertaking stringent inspections on liquor and cigarette prices after new excise tax rates came into effect in a bid to protect consumers from unscrupulous vendors.
Date: 20 September 2017; Type: Tax News; Source: National News Bureau of Thailand

Mukdahan cracking down on Smuggling following New Excise Tax Rate

MUKDAHAN, 21 September 2017 (NNT) - The Excise Department in Mukdahan province has stepped up control against smuggled liquor, beer and cigarettes along the Thai-Lao border following an adjustment to the excise tax rate for the goods.
Date: 21 September 2017; Type: Tax News; Source: National News Bureau of Thailand

New Excise Tax Act takes effect, to generate 12 Billion Baht in Tax Revenue

BANGKOK, 17th September 2017 (NNT) - The new excise tax law is expected to generate 12 billion baht in tax revenue according to the Excise Department. Excise Department Director General, Somchai Poolsavasdi said the Excise Tax Act, B.E. which took effect on Saturday, September 16th, would raise retail prices of some alcoholic beverages and cig ...
Date: 17 September 2017; Type: Legal News; Source: National News Bureau of Thailand

Cabinet give Green Light to New Alcohol, Cigarette Tax Rates

BANGKOK, 12 September 2017 (NNT) - The Cabinet meeting on Tuesday approved the new excise tax rates for alcohol, cigarettes and playing cards. The new tax rates will be published in the Royal Gazette before they become effective on 16 September 2017.
Date: 12 September 2017; Type: Tax News; Source: National News Bureau of Thailand

New Excise Tariff Act to be enforced on September 16th

BANGKOK, 7th September 2017 (NNT) - The Excise Department is set to propose new excise duties on tobacco and alcoholic beverages to the Cabinet next week before the Excise Tariff Act, B.E. 2560 is enforced on September 16th.
Date: 07 September 2017; Type: Tax News; Source: National News Bureau of Thailand

Cabinet gives Green Light to Thai-Cambodian Tax Exemption

BANGKOK, 6th September 2017 (NNT) - The Cabinet meeting on Tuesday approved a double tax exemption between Thailand and Cambodia to promote trade and investment between the two countries. PM’s Office Vice Minister Kobsak Pootrakool, said that the double tax exemption had been proposed to the Cabinet by the Ministry of Finance. The tax ex ...
Date: 06 September 2017; Type: Tax News; Source: National News Bureau of Thailand

New Excise Tax Rates Soon to come into effect

BANGKOK, 1st September 2017 (NNT) - The Deputy Minister of Finance has confirmed that a new Excise Tax will come into effect on September 16.
Date: 01 September 2017; Type: Tax News; Source: National News Bureau of Thailand

GLO holds Forum on New Government Lottery Office Act

BANGKOK, 22 August 2017 (NNT) - The Government Lottery Office (GLO) has organized a forum to allow those who could be affected by the amendment of the Government Lottery Office Act, B.E. 2517, to exchange their views and voice their concerns.
Date: 22 August 2017; Type: Legal News; Source: National News Bureau of Thailand

Government extends 7% VAT Period for Another Year

BANGKOK, 20th August 2017 (NNT) - The government has decided to maintain Value Added Tax at seven percent for another year. The government has resolved to put on hold the 1953 royal decree which stipulates that a 10% VAT may be levied on goods, imports and services in the country. The 7% VAT grace will continue to be the rate from 1st October ...
Date: 20 August 2017; Type: Tax News; Source: National News Bureau of Thailand

Customs Department to amend Regulations on imported Super Cars

BANGKOK, 15 August 2017 (NNT) - The Customs Department has stepped up its effort to amend laws pertaining to the import of high end automobiles as well as the submission of information on 200 cars found to have evaded taxes to the Department of Special Investigation (DSI).
Date: 15 August 2017; Type: Tax News; Source: National News Bureau of Thailand

Cabinet extends VAT Reduction for Another Year

BANGKOK, 15 August 2017 (NNT) - The Cabinet has approved a one-year extension to the value-added tax (VAT) reduction policy, keeping the VAT rate at 7 percent until September next year.
Date: 15 August 2017; Type: Tax News; Source: National News Bureau of Thailand

NLA President receives Petition against New Draft Law on Land Tax

BANGKOK, 13 August 2017 (NNT) - The National Legislative Assembly has received a petition against the new draft law on land tax, which golf course operators fear will lead to a shutting down of their business.
Date: 13 August 2017; Type: Tax News; Source: National News Bureau of Thailand

Cabinet approves 2% VAT Increase on Liqueurs, Tobacco

BANGKOK, 2 August 2017 (NNT) - The cabinet approved an increase in the value-added tax for liqueurs and tobacco by two percent to contribute to a fund for elders.
Date: 02 August 2017; Type: Tax News; Source: National News Bureau of Thailand

Cabinet approves Tax Measures to help Flood Victims

BANGKOK, 2nd August 2017 (NNT) - The Cabinet has approved new tax measures to help flood victims in the upper region of the country.
Date: 02 August 2017; Type: Tax News; Source: National News Bureau of Thailand

Revenue Department to take Serious Action against Fake Tax Invoices

BANGKOK, 19 July 2017 (NNT) - The Revenue Department is working to prosecute companies filing fraudulent tax invoices, reminding that the crime comes with a maximum jail sentence of 20 years and resolving to launch stringent action starting September.
Date: 19 July 2017; Type: Legal News; Source: National News Bureau of Thailand

Excise Department to set Guidelines for License Fee under new Excise Tax Act

BANGKOK, 10 June 2017 (NNT) - The Department of Excise will discuss the new Excise Tax Act with businesspersons to set guidelines for the adjusting of the license fee.
Date: 10 June 2017; Type: Tax News; Source: National News Bureau of Thailand

Thailand’s New Land and Buildings Tax Bill to see considerable Changes

BANGKOK, 1st June 2017 (NNT) - The Government Housing Bank has organized a seminar to discuss what the public can expect from the new land and buildings tax law, which will come into effect at the beginning of 2019.
Date: 01 June 2017; Type: Tax News; Source: National News Bureau of Thailand

New Excise Tax Rates 90 percent complete

BANGKOK, 22 May 2017 (NNT) - The Excise Department is reportedly 90 percent complete with a new tax plan slated to take effect on September 16, with alcohol, beer, cigarettes and automobiles likely to see rate changes.
Date: 22 May 2017; Type: Legal News; Source: National News Bureau of Thailand

DPM Wissanu: Govt has no Plan to increase VAT

BANGKOK, 21st May 2017 (NNT) – Deputy Prime Minister Wissanu Krea-ngam has confirmed that the government has no plan to raise the value-added tax rate, despite the lawmakers’ resolution to approve a report on the matter.
Date: 21 May 2017; Type: Tax News; Source: National News Bureau of Thailand

NLA to deliberate Tax Restructuring on May 18

BANGKOK, 14th May 2017 (NNT) - The National Legislative Assembly is scheduled to deliberate the country’s tax restructuring ideas next week.
Date: 14 May 2017; Type: Legal News; Source: National News Bureau of Thailand

Industry Updates

ASEAN, Dialogue Partners hope for End of Marawi Conflict Soon

MANILA - The ASEAN member states and its dialogue partners are hoping that the more than three-month fighting in Marawi be resolved soon.

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ASEAN Public Relations strengthen Regional Structure

Badung, Bali (ANTARA News) - Public relations and communication are keys to obtain public understanding and participation in order to strengthen the regional organization's position at the global level, Director General of Public Information and Communication at the Ministry of Communications and Information Technology, Rosarita Niken Widiastuti, stated here on Wednesday.

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OSMEP recognizes Hundreds of SMEs for Outstanding Work

BANGKOK, 21 September 2017 (NNT) - The Office of Small and Medium Enterprise Promotion (OSMEP) has held a ceremony to offer accolades to SME operators from across the country who have been successful in business.

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Labor Minister orders Investigation into Complication of employing Highland People

BANGKOK, 21 September 2017 (NNT) - The Minister of Labor has instructed Labor Ministry officials to investigate into the claim that employers do not receive convenience on submitting work permit application for highland people.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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Government reveals Aims of Mobile Cabinet Meeting

SUPHAN BURI, 18 September 2017 (NNT) - The Prime Minister has led his Cabinet on a retreat in the central region, aiming to foster development and connectivity between the country’s two oceans.

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ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

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NLA Committee on Legal Affairs gets Update on Subcommittees’ Works

BANGKOK, 17th September 2017 (NNT) - The National Legislative Assembly committee on legal affairs has been updated on the progress of all plans implemented by its subcommittees.

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Legislators urged to adopt Information Technology

BANGKOK, 17th September 2017 (NNT) - The National Legislative Assembly (NLA) is keen to integrate digital and information technology into its work to increase efficiency and productivity.

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ASEAN to promote Trade with Russia and EAEU

Jakarta (ANTARA News) - ASEAN Economic Ministers agreed to expand trade with Russia and those grouped in the Eurasian Economic Union (EAEU).

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Cabinet approves Capital Market Development Plan

BANGKOK, 13 September 2017 (NNT) - The cabinet approved a third development plan for capital markets as an economic driving force.

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Conclusion of the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) and the ASEAN-Hong Kong, China Investment Agreement (AHKIA)

The Economic Ministers of ASEAN and Hong Kong, China (HKC) announced the conclusion of the ASEAN-HKC Free Trade Agreement (AHKFTA) and the ASEANHKC Investment Agreement (AHKIA) at the Second ASEAN Economic Ministers (AEM)-HKC Consultations held on 9 September 2017 in Pasay City, the Philippines.

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