The Revenue Department is set to raise the ceiling for value-added tax (VAT) refunds for tourists at downtown agents to 30,000 baht per traveller from 12,000 baht at present. The tax-collecting agency plans to expand cash payment services for VAT refunds to tourists at 10 international airports nationwide instead of just Suvarnabhumi and Don Mueang […]
Read MoreJAKARTA: Indonesia has issued regulations to allow authorities to block smartphones purchased on the black market, in a bid to encourage investors to produce mobile phones in the country, a minister said on Friday. Indonesia is a large market for mobile phone producers, with 60 million phones sold every year. “These (regulations) are aimed at creating […]
Read MoreThe government needs to pump more money into circulation — a range of 30-50 billion baht — to reach the target of 3% economic growth this year, says the University of the Thai Chamber of Commerce (UTCC). The second phase of the cash handout scheme, which will be forwarded for cabinet approval on Oct 22, […]
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Thailand
