tax
- Best of
Top 5 Tax Firms in Thailand
As a busy professional, maintaining your tax affairs may not be at the top of your daily list. However, whether it be personal or professional wealth, completing your financial statements and complying with tax regulations is essential. This is complicated even further if you’re an expat living in Thailand as you’ll have to navigate an unfamiliar tax system in new…
- Tourism News
Jet fuel tax reduction extended again to aid airlines, tourism
A tax reduction, for jet fuel that has been in place to help the airline industry during the Covid-19 pandemic, has been extended until the end of 2020. With international travel decimated, this tax cut is aimed to help airlines stay afloat and get more customers with lower prices while travel figures are massively down. The extension was scheduled to…
- Thailand News
Where are Thailand’s bar girls? Up to a million people out of work | VIDEO
https://youtu.be/UD-ymVlW3PU We know about the challenges in Thailand’s hotel industry. We know about the grounded planes and the problems with aviation. We know about the vendors and the tour company employees who have survived on a steady flow of tourists for decades. But there is another hidden victim of the lockdowns and border closures, an industry which is the largest…
- Business News
Thai cabinet approves extension of jet fuel levy holiday
Whilst the current cheapest domestic air fares have been around the same prices they were before local airlines were grounded, there is a possibility of some more drops in your seat prices. Thailand’s budget carriers could be offering lower seat prices after the cabinet yesterday approved an extension of the jet fuel tax holiday. Thailand’s low-cost carriers have been slowly…
- Economy News
Finance ministry to consider incentives to stimulate shopping, retail sector
Thailand’s finance minister says his ministry is ready to consider retailers’ proposals for tax breaks on shopping to stimulate domestic spending. The ministry has assigned related agencies, including the Fiscal Policy Office, the Revenue Department and the Excise Department, to examine the possibilities, Uttama Savanayana said yesterday. His remarks come after retailers asked the government to apply a shopping tax break…
- Economy News
Thai government to postpone tax increase on cheap cigarettes
The Thai government is expected to delay a planned tax increase on cheap cigarettes, as well as agreeing a moratorium on excise duties for entertainment and sporting venues, provided they don’t lay off any staff. Cigarettes costing less than 60 baht a pack were expected to see a tax hike of between 20-40% in October, but this is now being…
- Business News
Australian government takes on Google and Facebook over re-publishing ‘news’
A leading Australian consumer watchdog is calling for Google and other tech giants to pay Australian news outlets A$600 million (12.4 billion baht) a year under a new code of conduct ordered by the government. News Limited and Nine Entertainment have also voiced their support for the news ‘tax’. The Australia government announced plans to force Google, Facebook, and other…
- Tourism News
Minister proposes 300 baht tourist levy
It’s going to be challenging enough for both the Thai tourism industry and the travellers to get Thailand’s tourist wheels in motion again without a new levy being added as well. But now, the Tourism and Sports Ministry says they’re considering a new 300 baht tax from every foreign arrival. The reasoning is that the new levy would cover “pandemic…
- Food
Fish sauce excluded from Thailand’s proposed tax on salty foods
PHOTO: Cook’s Illustrated Thailand’s Excise Department and Public Health Ministry is considering a levy on salty foods in an attempt to tackle the sodium-rich diets of Thai citizens, and the health consequences. The director general of the Excise Department, Patchara Anuntasilpa says the tax would be calculated based on the amount of salt in a product, with the proposal being…
- Business News
“Government stimulus package for Thai economy is unsustainable”
PHOTO: Wikipedia Anusorn Tamajai, an economist from Rangsit University, says he expects the proposed package to make little difference and has declared it unsustainable. The package, which should be approved this week, is worth 370 billion baht and includes cash handouts for farmers and low-income earners, grants for children, incentives for domestic travelers, and tax incentives for small businesses. It’s…
- Tourism News
100 baht tourist tax to cover basic insurance and repatriation
Every foreign tourist arriving or departing Thailand will be charged 100 baht for basic insurance which would cover money for emergencies and repatriation of their body if they meet with misadventure. As reported yesterday, the Thai Ministry of Tourism and Sports proposes that every foreign tourist visiting Thailand should be charged a levy to cover basic insurance and life insurance.…
- Tourism News
Ministry looks at tourist levy to fund infrastructure
A tourist levy is being considered amongst a raft of changes to improve the amenity of local tourist attractions. The Tourism and Sports Ministry is floating the initiative after the National Tourism Policy Act was enacted and published in the Royal Gazette this week, according to the Bangkok Post. The Ministry is now in talks with universities and insurance companies to research…
- Business News
Government poised to cast tax net over online transactions
As the world continues its relentless move online, and away from traditional retail, governments are having to find new ways to track and tax online transactions. The Thai Revenue Department is poised to cast a wider net over online vendors and other businesses that have been evading taxes. The National Legislative Assembly (NLA) is soon to approve amendments to the…
