Wed, 27 Feb 2019 01:00
New rule to provide tax refunds for foreign tourists
IN AN effort to encourage tourist spending and empower small and medium enterprises (SMEs), the Indonesian government will revise a regulation pertaining to value-added tax (VAT) that would allow foreign tourists to get tax refunds for their spending.
Tue, 18 Dec 2018 16:06
‘Downtown VAT Refund for Tourists’ scheme gains momentum with opening of Siam Paragon counter
The “Downtown VAT Refund for Tourists” campaign has kick-started an initiative to set up counters in numerous locations across central Bangkok to help tourists obtain value added tax refunds when shopping at authorised retailers, the Revenue Department said on Tuesday.
Thu, 13 Sep 2018 01:00
What you need to know about withholding tax refund
IN 2013, the government reduced the corporate income tax rate from 30 per cent to 20 per cent as a tax incentive for international companies to invest in Thailand. However, while the tax rate was reduced, the withholding tax rate remained the same. This has resulted in a greater demand for withholding tax refunds.
Sat, 12 Apr 2014 00:00
Another populist setback may be looming
Lagging tax refunds for first-time car buyers puts government policies under the spotlight again
Wed, 02 Oct 2013 00:00
Gold still missing after raids linked to tax fraud
THE HEAD of the Anti-Money Laundering Office was forced to defend his agency after officials returned empty-handed yesterday from raids on four sites linked to suspects in the Bt4.3-billion value-added tax refunds affair.
Wed, 28 Nov 2012 00:00
First-car rebates expected to pass 600,000 by year-end
The Excise Department yesterday revealed that registrations for tax refunds under the first-car rebate scheme exceeded 581,000 valued at about Bt43 billion.
Fri, 02 Nov 2012 00:00
Finance Ministry needs Bt11 bn more funding
A large number of people have requested tax refunds under the first-time-car-buyer scheme and the Finance Ministry has to ask for more funding to satisfy the demand.
Tue, 24 Apr 2012 00:00
No let-up in corporate energy
The Energy Ministry is keeping its foot on the pedal in the drive to encourage the use of energy-saving equipment by businesses through the availability of corporate tax refunds.
Wed, 07 Sep 2011 00:00
Ministry to seek Cabinet approval for first-time car buyer policy
The Finance Ministry will next week seek Cabinet approval for its populist policy of allowing first-time car buyers purchasing a vehicle worth no more than Bt1 million to be allowed tax refunds of about Bt100,000.