On-spot exports are now not subject to duty exemption, possibly derailing the recovery of textile and footwear companies. The government issued Decree No.18/2021/ND-CP on March 11, amending a previous 2016 decree to implement the Law on Export and Import Taxes. Now, products traded on spot are not eligible for import duty exemptions. Goods exported or […]
Read MoreThe baht opened at 31.27 to the US dollar on Thursday, strengthening from Tuesday’s close of 31.37. The Thai currency is likely to move between 31.25 and 31.35 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would weaken slightly depending on the dollar’s performance and purchases of the […]
Read MoreThailand’s exports jumped a more than expected 13.09% in April from a year earlier, the fastest pace in three years, as global demand increased, the commerce ministry said on Tuesday. That compares with a forecast for an increase of 9.6% in a Reuters poll and a rise of 8.47% in March. April’s exports, a key […]
Read MoreAFP – Asian markets were mixed yesterday as inflation concerns played off against optimism over the global economic recovery, while spiking infections in parts of the region also kept investors on their toes. Wall Street provided a tepid lead at the end of last week, although European equities were given a boost by upbeat eurozone economic […]
Read MoreJAKARTA (BLOOMBERG) – Indonesia seeks to cast a wider net to tax more high-income individuals and top polluters in a bid to replenish its state coffers. The Finance Ministry presented the proposals – which could be part of key reforms this year – to a parliamentary commission this week. The government needs to collect more […]
Read MoreThe General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for individual landlords renting out houses. This is a part of the programme on amending the Value-added Tax (VAT) Law that the General Department is consulting with experts, said Ta Thi Phuong Lan, deputy head […]
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