The Excise Department’s sales tax cut is expected to cost the government less than 1 billion baht in forgone revenue, says the department’s chief. The lost revenue is insignificant because some of the relevant items already imposed taxes at low rates and others have seen the deadline for lowered tax extended, said director-general Patchara Anuntasilpa. […]
Read MoreRemoving the value-added tax (VAT) exemption for goods of up to 1,500 baht per parcel and imported through the post is crucial to levelling the playing field for local vendors, particularly small and medium-sized enterprises (SMEs), says the Revenue Department. The VAT exemption is unfair to local SMEs because trade is now borderless and scrapping […]
Read MoreThailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia. Gross domestic product is forecast to contract 8.1% this year, according to the Bank of Thailand. That’s worse than official forecasts […]
Read MoreThailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia. Gross domestic product is forecast to contract 8.1% this year, according to the Bank of Thailand. That’s worse than official forecasts […]
Read MoreThe headline consumer price index (CPI) dropped 1.57% in June from a year earlier, a less than expected decline, commerce ministry data showed on Friday. The reading compared with a forecast for a fall of 2.80% in a Reuters poll, and May’s 3.44% decline. The core CPI index dipped 0.05% from a year earlier, the […]
Read MoreConsumer sentiment picked up for a second straight month in June, boosted by businesses reopening after the lockdown lapsed and the government’s relief and economic stimulus schemes. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index rose 49.2 in June from 48.2 in May and 47.2 in April. […]
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