thailand - Tax & Revenue - News

Tax Refunds to only be transferred Electronically

BANGKOK, Jan 25 (PNA) - The Spokesman for the Revenue Department, Pinsai Suraswadi, said the tax refunds in 2018 will only be transferred electronically.
Date: 25 January 2019; Type: Legal News; Source: Thai News Agency

Customs Department offers Online Payment Services

BANGKOK, Jan 16 (NNT) - Businesses needing to make payments to the Customs Department can now do so through online banking.
Date: 16 January 2019; Type: Industry Updates; Source: Thai News Agency

Cabinet approves Return of VAT to Consumers' Debit Accounts

BANGKOK, Dec 19 (NNT) - The cabinet has approved the return of Value Added Tax (VAT) to consumers buying products using debit accounts, even though the move will cost the government 9.2 billion baht in lost revenue.
Date: 19 December 2018; Type: Legal News; Source: National News Bureau of Thailand

Five per cent VAT Refund Gift for Chinese New Year 2019

BANGKOK, Dec 19 (NNT) - As the Chinese New Year 2019 is coming around, the Ministry of Finance has decided to offer a 5% VAT refund via debit cards to promote the use of PromptPay and push for a cashless society. The scheme opens for registration on January 7th next year.
Date: 19 December 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Finance Minister: State Welfare Card Holders given 5% VAT Refund

BANGKOK, Dec 11 (NNT) - The Finance Minister has revealed that state welfare cardholders will receive a 5% VAT refund after spending the recently delivered 500-baht subsidy.
Date: 11 December 2018; Type: Legal News; Source: National News Bureau of Thailand

Revenue Department says it does not collect Higher Tax from Online Merchants

BANGKOK, Dec 8 (NNT) - The Revenue Department has insisted that the Revenue Code Amendment Act draft is not intended to make online merchants pay more tax but to analyze the behavior of taxpayers.
Date: 08 December 2018; Type: Industry Updates; Source: National News Bureau of Thailand

New e-Payment Taxation to facilitate Online Retailers: RD

BANGKOK, Dec 7 (NNT) - The new e-payment taxation is designed to support the growth of electronic transactions and to help online retailers pay the tax more conveniently, said Revenue Department's (RD) Spokesman Pinsai Suraswadi.
Date: 07 December 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Tax Incentive seeks to help Rubber Farmers

BANGKOK, Dec 5 (NNT) - The government's tax break on shopping to stimulate end-of-year spending benefits small entrepreneurs as well as farmers affected by the Para rubber price drop, according to a revenue department official.
Date: 05 December 2018; Type: Legal News; Source: National News Bureau of Thailand

Finance Ministry to reimburse VAT Payments during Chinese New Year

BANGKOK, Dec 3 (NNT) - The Ministry of Finance will be rebating Valued Added Tax (VAT) during the Chinese New Year Festival next year up to 20,000 baht per citizen in a move to support economic growth at up to 4 percent.
Date: 03 December 2018; Type: Legal News; Source: National News Bureau of Thailand

Tax Measure for Shoppers designed to help Farmers: Revenue Department

BANGKOK, Dec 1 (NNT) - The tax deduction campaign for shoppers is largely designed to help farmers, said Revenue Department's (RD) Spokesman Pinsai Suraswadi.
Date: 01 December 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Tax Discounts help boost Grassroots Economy: Revenue Department

BANGKOK, Dec 1 (NNT) - The Revenue Department (RD) has advised that the tax discount scheme on purchases of eligible items will benefit farmers and local communities.
Date: 01 December 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Government proposes New Revenue Code to Parliament

BANGKOK, Oct 19 (NNT) - The Cabinet has proposed a draft revenue code to the National Legislative Assembly (NLA). The bill aims to update the revenue code to comply with the country’s strategy on electronic payments.
Date: 19 October 2018; Type: Legal News; Source: National News Bureau of Thailand

Tax payers with Health Insurance can have Taxes deducted automatically

BANGKOK, Oct 5 (NNT) - Tax payers no longer have to present proof of their health insurance payments to have their income taxes deducted under a move by the Revenue Department to have the Office of Insurance Commission (OIC) share tax payer data with it.
Date: 05 October 2018; Type: Legal News; Source: National News Bureau of Thailand

Cabinet approves Tax Incentives for Establishment Hong Kong Economic and Trade Office in Thailand

BANGKOK, Oct 3 (NNT) - Nattaporn Jatusripitak, an adviser to the Office of the Prime Minister, said the cabinet yesterday (Oct 2) approved tax incentives for the establishment of Hong Kong Economic and Trade Office in Thailand, thanks to the strong trade growth between both sides.
Date: 03 October 2018; Type: Legal News; Source: National News Bureau of Thailand

Cabinet approves VAT Refund for Welfare Card Holders

PHETCHABUN, Sept 18 (NNT) - Thailand's Cabinet has agreed to help low-income people further by entitling them to a partial rebate of value-added tax (VAT) on purchases made using their state welfare card.
Date: 18 September 2018; Type: Legal News; Source: National News Bureau of Thailand

New Ministry of Justice Building to open in 2020

BANGKOK, Sept 7 (NNT) - The new Ministry of Justice on Chaeng Watthana Road has entered the final phase of construction and is scheduled to open for public service in 2020.
Date: 07 September 2018; Type: Industry Updates; Source: National News Bureau of Thailand

Social Welfare Cardholders to be exempted from VAT

BANGKOK, Sept 9 (NNT) - The Ministry of Finance will seek cabinet approval for its latest scheme to exempt social welfare cardholders from the value-added tax (VAT).
Date: 09 September 2018; Type: Legal News; Source: National News Bureau of Thailand

NLA passes Tax Break for Parents with Two Children

BANGKOK, Aug 25 (NNT) - Parents with two children or more are to be entitled to a tax break of 30,000 baht. The National Legislative Assembly (NLA) endorsed the amendment of the Personal Income Tax Act, with 144 lawmakers voting in favor, none against, and 3 abstentions, giving parents with two or more children a tax deduction of 30,000 baht p ...
Date: 25 August 2018; Type: Legal News; Source: National News Bureau of Thailand

Welfare Card holders to get VAT Rebate during This Year's Fourth Quarter

BANGKOK, Aug 1 (NNT) - Welfare card holders will get a VAT rebate from purchases made at eligible stores in a pilot campaign during the fourth quarter of this year.
Date: 01 August 2018; Type: Legal News; Source: National News Bureau of Thailand

New Customs Act to transform Thailand into Regional Distribution Hub

BANGKOK, July 25 (NNT) - The Thai Chamber of Commerce held a seminar to raise awareness about the new Customs Act B.E. 2560 among Thai importers and exporters to ensure they have correct understanding.
Date: 25 July 2018; Type: Legal News; Source: National News Bureau of Thailand

INDUSTRY UPDATES

SC, DOJ Buildings declared Safe

MANILA, Apr 24 (PNA) - Work resumed at the Supreme Court (SC) and the Department of Justice (DOJ) on Wednesday, after the magnitude 6.1 earthquake that shook parts of Luzon including Metro Manila last Monday.

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SC asked to allow Poll Watchers to take Photos

MANILA, Apr 24 (PNA) - Various individuals and groups asked the Supreme Court (SC) to lift the ban imposed by the Commission on Elections (Comelec) on digital photo taking by watchers of candidates in the May 13 mid-term polls.

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Makati Court hears Drug Case vs Ex-NBI Exec

MANILA, Apr 24 (PNA) - A prosecution witness positively identified the former acting regional director of the National Bureau of Investigation (NBI) in Central Mindanao as the owner of a 1,000-square meter lot in Virac, Catanduanes, where a shabu laboratory was uncovered three years ago.

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Mobile Application on Labour Market Information Launched

PUTRAJAYA, Apr 23 (Bernama) - Information on Malaysia's labour market is now available at the fingertips with the launch of a new mobile application, Labour Market Information Gateway or LMI Gateway today.

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Former Lawyer Pleads not Guilty to CBT Over Client's House Sale Proceeds

KUALA LUMPUR, Apr 23 (Bernama) - A former lawyer pleaded not guilty at the Sessions Court here today to a charge of criminal breach of trust amounting to RM338,000 which was the proceeds from the sale of a house belonging to his client three years ago.

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Manila Court orders Arrest of Acierto, Seven Others

MANILA, Apr 23 (PNA) - A Manila court has ordered the arrest of former police official Eduardo Acierto and seven others implicated in the smuggling of shabu shipments inside magnetic lifters last year.

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SC orders Inspection of Court Houses in Quake-Affected Areas

MANILA, Apr 23 (PNA) - Chief Justice Lucas Bersamin on Tuesday ordered an inspection of all court houses in areas affected by the magnitude 6.1 earthquake that hit Luzon on Monday afternoon.

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Cybersecurity Challenge should be viewed as an Opportunity - Gobind

CYBERJAYA, Apr 23 (Bernama) - A national innovation ecosystem needs to be developed to transform cybersecurity challenges towards forming new opportunities, ideas and solutions, Communications and Multimedia Minister Gobind Singh Deo said today.

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Malaysia signs ASEAN Trade in Services Agreement

KUALA LUMPUR, Apr 23 (Bernama) - Malaysia has signed the ASEAN Trade in Services Agreement (ATISA) and the Fourth Protocol to Amend the ASEAN Comprehensive Investment Agreement (ACIA).

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Former Lawyer charged with Criminal Breach of Trust

SEREMBAN, Apr 23 (Bernama) - A former lawyer pleaded not guilty in the Sessions Court here today to criminal breach of trust involving RM198,592.50, nine years ago.

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PCC seeks Own Probe on Luzon Power Outages

MANILA, Apr 22 (PNA) - The Philippine Competition Commission (PCC) announced that it will investigate allegations of collusion or abuse of dominance among energy companies that led to the recent series of power outages in Luzon.

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Right to Freedom of Religion guaranteed under Federal Constitution

KOTA BELUD, Apr 21 (Bernama) - The right to freedom of religion of every Malaysian is guaranteed under the Federal Constitution, said Sabah Rural Development Minister Datuk Ewon Benedick.

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Sabah and Sarawak High Court Registrar's Office to move to Kota Kinabalu

SANDAKAN, Apr 21 (Bernama) -- Minister in the Prime Minister’s Department Datuk Liew Vui Keong today confirmed that the Office of the Registrar of the Sabah and Sarawak High Court will be relocated from Kuching to Kota Kinabalu.

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Government awaits Approval from Malay Rulers on New Chief Justice - Mahathir

KUALA LUMPUR, Apri 19 (Bernama) - The government is awaiting approval from the Malay Rulers for the appointment of a new Chief Justice, Prime Minister Tun Dr Mahathir Mohamad said today.

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Double Pay for Workers on Maundy Thursday, Good Friday

MANILA, Apr 17 (PNA) - Workers who will report to work on April 18 and 19 will receive twice their regular daily wages as both days have been declared regular holidays, the Department of Labor and Employment (DOLE) said Wednesday.

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Palace suspends Government Work for Holy Week Exodus

MANILA, Apr 17 (PNA) - Malacañang suspended work on Wednesday (April 17), 12 noon onwards, to allow government employees to travel to their respective regions in time for the observance of Maundy Thursday (April 18) and Good Friday (April 19).

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JBC asks Applicant to comment on Gadon Opposition

MANILA, Apr 16 (PNA) - The Judicial and Bar Council (JBC) has asked an applicant for a vacancy in the Court of Tax Appeals (CTA) to comment on an opposition to her appointment filed last month by senatorial candidate and lawyer, Lorenzo "Larry" Gadon.

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PCC approves Ayala-PHINMA Energy Deal

MANILA, Apr 15 (PNA) - The Philippine Competition Commission (PCC) has approved the acquisition of the majority stake in PHINMA Energy by Ayala Corporation’s power branch, AC Energy.

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