The excise tax structure for electric vehicles (EVs) is expected to be finalised this year, meant to establish Thailand as an EV hub, says the Excise Department. Under the current excise tax structure, EVs are tax-exempt from Jan 1, 2020, to Dec 31, 2022, for car makers granted Board of Investment privileges, with the rates […]
Read MoreThe amended excise tax structure for cigarettes is scheduled to take effect on Oct 1, in response to the Tobacco Authority of Thailand’s request to review the 40% flat tax rate, says the Excise Department. The present tobacco tax structure is scheduled to expire in September, according to Excise Department director-general Lavaron Sangsnit. Although details […]
Read MoreBANGKOK: Thailand’s stock market has never been busier as a growing number of people join a global surge of individual traders chasing returns. Average daily trading turnover jumped to 99 billion baht (US$3.3bil) this month through last Wednesday, set for a monthly record, according to data compiled by Bloomberg. Transactions by individuals this month made […]
Read MoreThailand’s economy is expected to endure greater risks next year because of higher limitations on fiscal and monetary stimulus, says Standard Chartered Bank (Thai). GDP is expected to expand by 3.1% this year, but will tumble to 2.5% growth in 2022, said the bank. This forecast conflicts with assessments made by other research houses and the […]
Read MoreUp to 600 factories nationwide are being ordered to closely monitor their emissions to better curb air pollutants as the Industry Ministry steps up efforts to cope with PM2.5 ultra-fine dust, now blanketing most parts of Bangkok. The mandatory requirement, with a maximum fine of 200,000 baht for violators, will be enforced under a new […]
Read MoreThe Finance Ministry’s Fiscal Policy Office (FPO) has slashed Thailand’s economic growth forecast to less than 3% this year as projected foreign tourist arrivals are substantially lower given the second wave of the pandemic. GDP growth is projected at 2.8%, down from 4.5% estimated in October 2020. “The lower economic growth projection for 2021 is […]
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