Infrastructure investment in the government’s flagship Eastern Economic Corridor (EEC) during 2022-2026, seen as the second phase of EEC development, is estimated at only 398 billion baht, a significant drop from 900 billion baht in the first phase of 2018-2021. Kanit Sangsubhan, secretary-general to the Eastern Economic Corridor Office, said the second-phase development will target […]
Read MoreGlobal tourism is on its way to a “long-term, sustainable recovery” as more travellers and countries recognise the endemic nature of Covid-19, according to hotel operator Banyan Tree Holdings Ltd. Hotels in tourism-reliant Thailand, which kept its so-called Phuket Sandbox open as a pathway for international travellers to skip quarantine, hasn’t seen major cancellations after […]
Read MoreThe government is inching towards imposing taxes on some products and ending tax waivers to ensure fiscal stability and expand the tax base. Thailand’s economy has suffered from the prolonged pandemic, causing the government to introduce two emergency loan decrees to allow it to borrow 1.5 trillion baht in total to mitigate the impact. The […]
Read MoreThe Finance Ministry will not consider this year extending the period of the land and building tax reduction because of the fiscal burden, says Finance Minister Arkhom Termpittayapaisith. The 90% tax cut took effect in June 2020. From 2020 to 2021, the tax reduction cost the state coffers around 30 billion baht per year, he […]
Read MoreThailand posted its smallest e-commerce growth on record during the third and fourth quarters of 2021, attributed to tepid consumption and the reopening of physical shops, says SET-listed Kerry Express Thailand, a major parcel delivery service provider. “In the previous two quarters, Thailand and Southeast Asia witnessed the slowest e-commerce growth in history,” Alex Ng, […]
Read MoreTaxes on cryptocurrency trading should be fair, clear, practical and promote trade, the Security and Exchange Commission (SEC)’s former deputy secretary-general Tipsuda Thavaramara said on Sunday. The Revenue Department’s decision to discuss taxes for cryptocurrency trading with relevant agencies was a good move, she added. Tipsuda also pointed out the three issues related to taxing […]
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