The cabinet has approved cutting both housing transfer and mortgage fees to 0.01% for 12 months, aiming to spur buying after critics said the previous measure to offer tax deductions of up to 200,000 baht for buyers of homes and condos worth up to 5 million baht would have a minimal impact on the market. The […]
Read MoreThe digital transformation of Thai small and medium-sized enterprises (SMEs) was ranked third out of six countries surveyed in Asean, following Malaysia and Singapore, according to a study commissioned by Cisco Systems. Cisco partnered with the Office of Small and Medium Enterprise Promotion (Osmep) to increase the digital capabilities of 200,000 local SMEs, which partly contributed […]
Read MoreThe Revenue Department aims to add 200,000 individuals to the income tax base every year, says director-general Ekniti Nitithanprapas. The number of individual income tax filers surged by 300,000 from 10.9 million in 2017 to 11.2 million last year, he said. Salary earners and small businesses both online and offline contributed to the higher tax base. […]
Read MoreTourism operators have been advised to speed up marketing plans to encourage people to travel domestically and gain from a short-lived tax perk recently approved by the cabinet. “As the tax measure will last for only two months through June, it is necessary for tour operators to quickly publicise the incentive deals to customers,” said Phuriwat […]
Read MoreConsumer confidence fell to the lowest level in 16 months in April as the public fretted over political instability and the slowing domestic economy. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), the consumer confidence index fell to 79.2 points last month, the lowest level since January 2018, and […]
Read MoreNADI, Fiji: The global economic slowdown is expected to hamper Thailand’s GDP expansion from this year to 2020, with the slump in world export demand affecting the country more than some neighbours, says Asian Development Bank’s (ADB) chief economist. The lender is keen to support the Mass Rapid Transit Authority of Thailand’s (MRTA) urban transport projects, […]
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Thailand
