The Thai Finance Ministry has set up a committee to shake up the tax structure of the Revenue Department, the Excise Department and the Customs Department, according to Finance Minister Uttama Savanayana.
Thai Finance Minister Uttama Savanayana (Photo:bangkokpost.com)
Bangkok (VNA) – The Thai FinanceMinistry has set up a committee to shake up the tax structure of the RevenueDepartment, the Excise Department and the Customs Department, according toFinance Minister Uttama Savanayana.
The committee will be chaired by permanentsecretary for finance Prasong Poontaneat.
The tax restructuring is aimed at enabling theentire tax system to support the Finance Ministry’s main mission of sharpeningthe country’s competitiveness and improving local livelihoods. However, it willlead to both tax cuts and hikes, Minister Uttama said, without diving deeperinto details.
According to Prasong, an e-business tax, whichis now being interpreted by the Council of State, would boost the RevenueDepartment’s income and broaden the tax base.
Meanwhile, director-general of the RevenueDepartment Ekniti Nitithanprapas, said it is pushing the e-business tax bill tobe deliberated by parliament this year to take force next year. The RevenueDepartment expects to boost value-added tax (VAT) by 3-4 billion THB (100-130million USD), levied on foreign online platforms without a physical presence inThailand.
The department is pushing an exchange of taxinformation law with other countries to better prevent tax avoidance, Eknitisaid.
Failing to tax foreign-based online platform operators is a global problem andsome countries have introduced a digital tax of 3 percent of transaction value.Thailand still needs time to study the tax, he said.-VNA
The economic cabinet of Thailand remains optimistic that the country’s economic growth will exceed 3 percent this year despite the sluggish global outlook.
The National Oil Palm Policy Committee of Thailand has approved a guaranteed price for palm oil and will submit the guarantee to the cabinet for approval within two weeks.
The Thai Government has ordered the Board of Investment (BoI) to devise a relocation package for foreign investors wishing to shift from China to Thailand as a result of the US-China trade dispute.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Thai Finance Minister Uttama Savanayana (Photo:bangkokpost.com) 
