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Tax collections up over THB8 billion in 5 months of current fiscal year

March 07, 2025

Revenue department attributes higher revenue to increased VAT income as consumption increases

Vietnam’s new VAT move to impact Thai businesses

February 23, 2025

Vietnam’s decision to collect value-added tax (VAT) on cheap products imported via express delivery service will affect Thai businesses, the Department of International Trade Promotion said on Sunday.

Government strategies in place to deal with influx of cheap imports

WEDNESDAY, JANUARY 22, 2025

Thailand is ready to tackle the influx of imported goods in the country with the value-added tax (VAT) mechanism and strict product quality inspection, the Finance Ministry said on Wednesday.

Thai govt mulls VAT increase as part of tax reform plans

WEDNESDAY, DECEMBER 04, 2024

Finance minister reckons increasing VAT from current 7% rate will boost revenue and address the income inequality problem

Thailand hits all imports with 7% VAT to create level playing field

MONDAY, APRIL 29, 2024

From May, all imported goods will be subjected to a 7% value-added tax (VAT), the Finance Ministry said.

Thai draft ready for levying 15% global minimum tax on large multinationals

SATURDAY, MARCH 02, 2024

The Revenue Department will propose to the Cabinet a draft act within the first half of 2024 on imposing global minimum tax (GMT) at 15% on large multinational enterprises.

Foreign tourists granted over 10 billion baht in VAT refunds over 7 years: Revenue Dept

SATURDAY, NOVEMBER 11, 2023

Over the past seven years, Thailand has given foreign tourists more than 10 billion baht in value-added tax (VAT) refunds.

Thai Revenue Dept reclassifying digital tokens

TUESDAY, DECEMBER 13, 2022

The Revenue Department is drafting classification criteria for digital tokens to ensure that tax collection does not hinder digital-asset development, director-general Lavaron Sangsnit said on Sunday.

Revenue chief scotches VAT rise talk

FRIDAY, JUNE 01, 2018

THE new chief of the Revenue Department plans to add artificial intelligence (AI) to the agency’s arsenal for tax collection and has dismissed rumours of a planned increase in the value-added tax (VAT) rate.

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