Search Results for: e-tax system
- Thailand News
Thailand revenue dept rectifies glitch in My Tax Account system
A glitch in the My Tax Account system of Thailand’s Revenue Department has been promptly rectified, with department authorities confirming that the issue was not triggered by a security violation. This affirmation comes after several taxpayers discovered the addition of two unexplained income entries on the My Tax Account online platform, a part of the Revenue Department’s e-tax filing system.…
- Business News
Thailand disburses 3.48 trillion baht budget to boost economy
An injection of 3.48 trillion baht from the 2024 fiscal budget has finally been disbursed in the second quarter of this year, following delays that began on October 1 last year due to political setbacks after the General Election in May 2023. With economic growth stagnating, public expenditure is seen as a crucial factor to revive subdued private spending and…
- Business News
Startups urge inclusion in Thai digital wallet scheme
Startup communities are urging the Finance Ministry to include them in the government’s upcoming digital wallet scheme. They see this as a pivotal chance to promote the adoption of digital technologies among small and medium-sized enterprises (SMEs), fostering digital transformation. President of the Thai Startup Trade Association Yutthana Srisavat, alongside Pawoot Pongvitayapanu, a leading figure in the startup ecosystem has…
- Business News
AI, foldable screens, and gaming features target wealthy Thai consumers
Premium smartphones equipped with artificial intelligence (AI), foldable screens, and specialised gaming features are being aggressively marketed by manufacturers to wealthy Thai consumers in the first quarter. This marketing strategy is in harmony with the Thai government’s shopping tax incentive and the festive atmosphere of the Chinese New Year. M Vision’s chief executive, Opas Cherdpunt, anticipates a minimum 10% rise…
- Thailand News
Easy e-receipt programme set to kick off next year in Thailand
A newly approved tax refund scheme, aimed at stimulating domestic spending and promoting the use of electronic invoices, is set to kick off early next year, the Finance Ministry confirmed on Monday. The so-called Easy E-Receipt programme allows individuals to claim a tax deduction of up to 50,000 baht on goods and services purchases from businesses backed by the e-tax…
- Thailand News
Thai influencers and YouTubers targeted by Revenue Department
The Thai Revenue Department aims to boost its tax revenue by targeting Thai YouTubers, online influencers, and online vendors. It believes that those who earn a livelihood online should pay their due taxes and predicts a yearly intake of 2.2 trillion baht as a result. The Director of the Revenue Department, Lawaron Saengsanit, acknowledged the shortcomings of the current tax…
- Phuket News
Burmese binman killed in horrific Patong crash
A Burmese binman tragically lost his life in a three-vehicle crash in front of Wat Suwan Kiriwong School in Patong in the early hours of yesterday morning. The incident unfolded around 5am, yesterday, September 17 on Phra Barami Road, just 370 metres from Wat Patong. The victim, identified as Myanmar national Aung Aung, was a garbage collector employed by Patong Municipality.…
- Bangkok News
Bangkok’s 14 billion baht bailout for BTS debt moves forward
Bangkok is scrambling to settle a colossal 14-billion-baht debt to the Bangkok Mass Transit System (BTSC). The Bangkok Council has taken a crucial step, setting up a special committee to scrutinise a draft ordinance allowing the Bangkok Metropolitan Administration (BMA) to access emergency funds. Council president Surajit Pongsingwitthaya convened an extraordinary meeting today, putting the spotlight on the hefty repayment…
- Thailand News
Thailand champions game-changing tax scheme for low earners
Finance Permanent Secretary Lavaron Sangsnit has thrown his weight behind the daring negative income tax (NIT) scheme, championing welfare payments for workers when their income dips below a certain threshold. Dubbed “workfare,” this initiative is geared to incentivise employment while offering crucial financial support. Lavaron made his case clear: the NIT system encourages people to stay employed by guaranteeing state…
- Thailand News
Bangkok faces 11.75 billion baht Green Line debt crisis
The Bangkok Metropolitan Administration (BMA) and its business arm, Krungthep Thanakom (KT), are urgently reviewing a National Anti-Corruption Commission (NACC) ruling before they settle a colossal 11.75 billion baht debt owed to the Bangkok Mass Transit System (BTSC). This follows a Supreme Administrative Court order on July 26, which gave BMA and KT just 180 days to pay up. The…
- Thailand video news
Thailand Video News | Life Sentence for Spaniard in Koh Pha Ngan Murder Case, Southeast Asian Nations to Introduce Schengen-Style Single Visa to Boost Tourism
In today’s Thailand video news, Alex covers the news stories from across Thailand and Southeast Asia countries. The stories include a Spanish chef sentenced to life in prison for the murder of a Colombian surgeon in Koh Pha Ngan, while former Prime Minister Thaksin Shinawatra proposes a bold new tax reform aimed at reducing poverty. Public safety concerns rise after…
- Business News
B.Grimm Power play: Profits surge with plans to expand in future
Multinational conglomerate B.Grimm Power Plc (BGRIM) reported a robust performance with a significant increase in normalised net profit for the first half of this year, alongside ambitious plans to enhance investment partnerships and expand its renewable energy portfolio. BGRIM President Harald Link highlighted that the normalised net profit attributable to the parent company rose by 2.3% year-on-year, reaching 1.09 billion…
- Thailand News
Bangkok urged to create app for safer, fair motorcycle taxi fares
The Bangkok Metropolitan Administration (BMA) has been urged by a city council member to develop a new application for motorcycle taxis to ensure passenger safety and fair pricing. Viput Srivaurai, representing Bang Rak district, advocated for leveraging technology and innovation to enhance motorcycle taxi services. Viput emphasised that the BMA should implement a data management system to organise services and…
- Guides
Travellers guide to all transportation in Thailand
Discovering the lively streets and serene landscapes of Thailand is sure to be on your bucket list but, like any journey, it has its challenges. Choosing among the abundant transportation options in Thailand can become quite a daunting task. In this guide, we will simplify the different options available to you. Popular urban transportation options in Thailand BTS Skytrain When…
- Thailand News
Chaos in Pattaya: Motorbike taxi drivers tarnish tourist hotspot
Pattaya City and Banglamung district officials are grappling with a surge in incidents involving motorcycle taxi drivers, jeopardising the area’s status as a top tourist destination. Disturbing reports have surfaced, highlighting assaults on foreign tourists and harassment of individuals mistaken for ride-hailing service drivers. These altercations have frequently escalated into heated verbal confrontations and even physical violence. In response to…
- Business News
New tax deductions approved to boost secondary city tourism
The Cabinet yesterday approved measures aimed at boosting tourism in secondary cities during the low season. Deputy Finance Minister Paopoom Rojanasakul announced that the new measures target both companies holding seminars and individuals travelling for leisure. Companies can now deduct expenses from corporate income tax for seminar rooms, accommodation, transport, and other related costs for domestic seminars held for employees,…
- Business News
Over 1,000 digital platform operators register with Thailand’s ETDA
Digital platform service (DPS) operators in Thailand are flocking to register with the Electronic Transactions Development Agency (ETDA) system, with over 1,000 already signed up. This comes in response to the DPS law implemented on August 21 last year, aimed at creating transparency and enhancing consumer protection in the digital space. The ETDA is set to issue its ETDA DPS…
- Retire in Thailand
Retiring solo: Tips and tricks for single retirees in Thailand
Retirement marks a significant milestone; planning the next steps is crucial, especially for those retiring alone. Thailand, offering excellent healthcare and a lower cost of living, appeals to many looking for a relaxed and affordable lifestyle in their twilight years. Why Thailand appeals to solo retirees Thailand has always been popular as a retirement destination, and it’s easy to see…
- Thailand News
Thai Smile Bus electrifies its fleet with a shocking 1,083 EVs
Thai Smile Bus, a leading public transportation company utilising clean energy, plans to introduce an additional 1,083 electric buses (EV) to its fleet by next year, according to the company’s CEO, Kulapatsorn Wongmajarabhin. This initiative is part of the company’s ongoing commitment over the past two years to develop environmentally friendly public transportation and reduce PM2.5 dust pollution in urban…
- Thai Life
Guide to taxes for expats in Thailand
It’s always more fun in Thailand, isn’t it? The tropical weather, the smiling faces, and oh, the food — it’s really a paradise. But here’s the thing: when you decide to call Thailand home, it’s important not to overlook your obligations, including taxes. Understanding it should be a priority as it helps ensure a smooth and lawful stay in your…
- Business News
Customs facilitation reform urged by Thailand’s finance minister to boost automotive sector
Finance Minister Arkhom Termpittayapaisith recently issued an appeal to the Customs Department of Thailand to streamline the customs facilitation formalities for both exports and imports. His appeal is aimed especially at boosting the activity of the automotive field. Following a discussion held with a group of investors from Japan in the core of June, Arkhom instructed the department to better…
- Business News
Thailand Plus Package extension anticipated to attract 6 billion baht investment in three years
The Revenue Department anticipates that the tax measures designed to support the relocation of foreign investors’ production bases will generate investment of approximately 6 billion baht within three years, according to Deputy Director-General Vinit Visessuvanapoom. Visessuvanapoom explained that the cabinet has given its backing to an extension of the tax measures, also referred to as the Thailand Plus Package, which…
- Crime News
Altercation between foreigner and Phuket cab driver makes waves
An altercation between a foreign motorbike rider and a Phuket cab driver is making waves. The popular Facebook page Phuket Times reported that the incident happened in front of a famous nightclub in Kamala. In a post early yesterday morning, the page wrote that the taxi driver, Adisak, had parked his car and was waiting for customers. A foreign motorbike…
- Business News
An insight into trading stocks in Thailand
Thailand’s growing economy means that promising companies can mushroom over the years. In the next three years, it is expected to grow by around 5% annually. The question for investors however is, if they can trade stocks in the country, to profit from its growth. And the answer is, yes, they can. The Stock Exchange of Thailand, also known as…
- Transport News
Hike on traffic fines delayed, but ticket prices will be consistant
Writing news in Thailand frequently means announcing something and then the next day announcing the opposite. And true to form, the new major hike in penalty fines for traffic violations announced before the weekend and scheduled to go into effect yesterday… have been retracted. But when they do go into effect, repeat offenders will be further penalised, and a new…
- Transport News
Traffic fines see a hefty price spike on Monday
Bad and disobedient drivers better get it out of their systems quickly over the weekend! On Monday, increased fines for traffic offences – some rather steep – will go into effect in Thailand after the Land Traffic Act is updated. Yesterday, the Director of the Traffic Management Center and Deputy National Police Chief laid out a list of hefty new…
- Phuket News
Phuket governor orders investigation into complaints of taxi drivers overcharging
Taxi fares charged from the Phuket International Airport are now being investigated by provincial authorities. The Phuket governor ordered the probe after criticism over a Facebook post asking if the 900 baht fare from the airport, quoted by a hotel in Patong, seemed too expensive. Taxi prices in Phuket are notoriously high compared to other provinces. On the social media…
- Expats
Thailand looks at proposal to make it easier for expats and long-termers
Thailand is looking to make it easier for expats and long-term visa holders to stay in the country. The Immigration Bureau is hoping to boost investments and the economy once the pandemic is over. The proposed changes could do away with 90 day reporting requirements which have been well-received by expats. Recently, the online website to report 90 day check-ins…
- News
UPDATE – What the new tax increases mean for you
Update from The Nation New excise taxes have affected prices across industries ranging from beverages to cars, with the new tax regime causing higher prices for some items but lower prices for others. The Excise Department expects to collect additional tax revenue of 12 billion Bt from the changes. New excise taxes will cause “moderate” rises in the prices of…
- Phuket News
Special Report: Phuket’s billion-baht beach ‘scandal’ never kept a secret
Special Report PHUKET: A senior official at Kata-Karon Municipality this week claimed that permits issued to allow local residents to work as beach vendors were introduced at the behest of a Provincial Hall standing committee some 20 years ago. The issue raised a storm of controversy last week when Paween Pongsirin, Region 8 Police Deputy Commander at the time (story…
