thailand - Tax & Revenue - News

Government issues Tax Measures to encourage Reading among Thai People

BANGKOK, May 24 (NNT) - Although a survey conducted by the National Statistical Office in 2018 found that Thai people spend up to 66 minutes per day reading, a decline from 80 minutes a day in 2015, the current length of time is not equivalent to that in more developed countries. The government thinks that using a tax measure to encourage the buyin ...
Date: 24 May 2019; Type: Legal News; Source: Thai News Agency

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

INDUSTRY UPDATES

Labour Ministry opens Automation Center

BANGKOK, Jul 17 (NNT) - On efforts to push the Thai industrial sector into the 4.0 era, human resources must be capable of operating technology and automated systems, especially in the Eastern Economic Corridor (EEC) development project. To achieve this goal, the Ministry of Labour has established a human resources development center on automation and robots at the Institute for Skills Development 3, located in Chonburi.

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Guidebook on Parliamentary Constituencies launched

KUALA LUMPUR, Jul 17 (Bernama) - Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof today launched Wakil Kita di Parlimen, a 228-page guidebook containing relevant information on all the 222 parliamentary constituencies.

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INDUSTRY UPDATES

Students among Plaintiffs in Lawsuit over Sungai Kim Kim Pollution

JOHOR BAHRU, Jul 17 (Bernama) - Thirty-four students are among 171 individuals who are suing the Johor state government, Menteri Besar Datuk Osman Sapian and 10 others over the pollution in Sungai Kim Kim near Pasir Gudang last March.

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INDUSTRY UPDATES

Mandalay Region Hluttaw approves New High Court Judge

Mandalay Region Hluttaw was unanimously appointed a new regional high court judge on the second day of the second session of the hluttaw after being nominated by the regional chief minister.

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INDUSTRY UPDATES

DOJ forms Special Team to probe Kidapawan Broadcaster's Slay

MANILA, Jul 12 (PNA) - Department of Justice (DOJ) Secretary Menardo Guevarra on Friday said he has ordered a special investigation team to look into the killing last Wednesday of radio commentator Eduardo Dizon who was gunned down on the way home in Kidapawan City, Cotabato.

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INDUSTRY UPDATES

New BSP Deputy Governor sworn in

MANILA, Jul 12 (PNA) - Francisco G. Dakila Jr. received his oath of office as Deputy Governor for Monetary and Economics Sector (MES) in ceremonies administered by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday.

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INDUSTRY UPDATES

Chief Justice heads Penang Honours List

GEORGE TOWN, Jul 12 (Bernama) - Chief Justice Datuk Tengku Maimun Tuan Mat heads the list of 877 recipients of state honours and honorary medals in conjunction with the 81st birthday of the Yang Dipertua Negeri of Penang Tun Abdul Rahman Abbas.

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INDUSTRY UPDATES

Prosecution failed to serve Summons on Shahrizat's Children, Court sets new Mention Date

KUALA LUMPUR, Jul 12 (Bernama) - The Sessions Court here today set Aug 5 for mention of a lawsuit filed by the Companies Commission of Malaysia (CCM) against two children of former Women, Family and Community Development Minister Tan Sri Shahrizat Abdul Jalil in connection with several offences allegedly committed by their company.

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INDUSTRY UPDATES

Free Legal Service to be provided for the Poor

Legal aid groups will provide free legal services to poor people and those in need of legal assistance across the country in an effort to support the rule of law and restore public trust in the judiciary.

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INDUSTRY UPDATES

Bill to increase Sabah State Seats to be tabled on July 17

KOTA KINABALU, Jul 11 (Bernama) - Sabah Chief Minister Datuk Seri Mohd Shafie Apdal is confident the Bill for the additional 13 seats, to increase the number of state seats from 60 to 73, will be approved when it is tabled in Parliament on July 17.

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INDUSTRY UPDATES

SolGen asks SC to dismiss Writ of Kalikasan Suit on WPS

MANILA, Jul 9 (PNA) - Solicitor General Jose Calida on Tuesday asked the Supreme Court (SC) to dismiss the petition filed against government agencies, which seeks unspecified action on the disputed areas in the West Philippine Sea.

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INDUSTRY UPDATES

IRB records 486,360 Cases of Voluntary Tax Declaration

KUALA LUMPUR, Jul 8 (Bernama) - The Inland Revenue Board of Malaysia (IRB) has recorded 486,360 cases of voluntary tax declaration under the special voluntary declaration programme (PKPS) as of June 23.

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INDUSTRY UPDATES

Sugar Tax: SME Traders can file Postponement Appeal

PARIT BUNTAR, Jul 7 (Bernama) - Small and Medium Enterprise (SME) traders affected by the sugar tax on sweetened drinks which came into effect this month, can file a postponement appeal to the relevant authorities.

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INDUSTRY UPDATES

Sarawak Government has not Officially responded on the RM1 Loan Offer - MOF

KUALA LUMPUR, Jul 6 (Bernama) - The Sarawak state government has yet to provide any official feedback to the Federal government on the proposed loan offer, amounting to RM1 billion, which will be allocated for repairs of dilapidated schools in the state.

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INDUSTRY UPDATES

Government offers Tax Incentives, grants to boost Participation in Expo 2020 Dubai

PUTRAJAYA, Jul 5 (Bernama) - The government has approved tax incentives and grants to encourage potential participating and contributing companies in the upcoming Expo 2020 Dubai.

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INDUSTRY UPDATES

PCC approves New Clark City Power Distribution Deal

MANILA, Jul 3 (PNA) - The Philippine Competition Commission (PCC) has approved the proposed joint venture between the Bases Conversion and Development Authority (BCDA) and the consortium of Manila Electric Company (Meralco) and its Japanese partners to develop a power distribution system in New Clark City.

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INDUSTRY UPDATES

Airbnb wants clearer Guideline on Tourism Tax

KUALA LUMPUR, Jul 2 (Bernama) -- Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.

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INDUSTRY UPDATES

Malcontento to take oath as New Prosecutor General on July 2

MANILA, Jul 1 (PNA) - Justice Secretary Menardo Guevarra said newly appointed Prosecutor General Benedicto Malcontento may assume office as soon as he takes his oath Tuesday.

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