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Thailand: Agency keen to alter scrap iron VAT law

The Revenue Department plans to propose to the finance minister revising the value-added tax (VAT) payment law for businesses buying scrap iron for recycling as some firms are issuing fake VAT invoices, says director-general Lavaron Sangsnit. Mr Lavaron said he would propose downstream smelters in the steel trade be the parties issuing VAT invoices for purchases […]

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Thailand: Airlines told not to be too greedy

PHUKET: The Provincial Public-Private Joint Economic Development Committee in Phuket has warned airlines not to sell overpriced tickets to tourists who wish to travel to the resort island, especially during long holidays. The committee said on Saturday it will try to intervene in response to tourist complaints about rising fares, despite finding evidence the fares are […]

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Thailand: Executives list policy priorities

The upcoming general election slated for May 7 is sparking speculation on a potential successor to Prime Minister Prayut Chan-o-cha as well as new economic policies that might be promoted by an incoming government. Business leaders have begun to chime in on what they believe could help the country survive economic challenges this year after Gen […]

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