The Revenue Department of Thailand has completed its report containing estimates for the cost of the country's upcoming corporate tax rate cuts, illustrating that the tax revenues are expected to return to current levels in 3 years. At a press conference held on August 4th in Bangkok, the Director General of the Revenue Department of Thailand Satit Rungkasiri revealed that new a report has been completed with projections for the fiscal effects likely to arise from the government’s planned corporate tax rate ... Read More

Thailand could soon see a significant decrease to its corporate income tax rate, as the Revenue Department indicates its readiness to slash the tax on the government’s signal. According to a statement made by the director general of the Revenue Department of Thailand Satit Rungkasiri on July 25th, the Department is now ready to implement a cut to the country’s corporate income tax rate, as was proposed by the newly elected Pheu Thai Party. Although, the Revenue Department is also recommending that ... Read More

The Revenue Department of Thailand has indicated that it is investigating reducing the national corporate tax rate to a level equivalent to Singapore’s, in an effort to increase Thailand's competitiveness among other South-East Asian nations. Over the weekend the Deputy Director General of the Revenue Department of Thailand Anant Sirisaengtaksin indicated that the country’s corporate tax rate could soon be reduced to 18 percent, from the current level of 30 percent. The move would be accompanied by a 3 percent increase in the ... Read More

Governments of emerging Asian economies have been warned to be ready for sudden increases in investment capital inflows, and prepare appropriate policy responses. On May 18th the Asian Development Bank (ADB) released its annual Asian Capital Markets Monitor report, which investigates the performance and outlooks for the equity, bond and currency markets in emerging economies. According to the report, several factors have cumulatively increased the risk of Asian economies facing sudden high levels of investment capitals, leading potential destabilization of currency and financial ... Read More

In a recent speech given by the Deputy Managing Director of the International Monetary Fund (IMF) to the Finance Ministers of the Association of Southeast Asian Nations (ASEAN), the key economic and fiscal issues, that the IMF perceives as currently facing ASEAN nations, were revealed. On April 26th the IMF published a previously unreleased transcript of a speech given by Naoyuki Shinohara, Deputy Managing Director of the IMF, at the 14th ASEAN Finance Ministers’ Meeting, held on April 8th 2010 in Nha Trang, ... Read More