Tax Revenue tagged posts

Thailand’s Tax Collection to Surpass Targets

January 5, 2010 Taxation in Thailand

2757-Thailand-Bangkok-Government HouseThailand’s tax collections are expected to exceed Government targets by at least 10%.

The Thailand Government’s fiscal stimulus measures and tax base extension efforts will see tax collections “easily” surpass the THB1.097 trillion target set by the Revenue Department for the financial year ending September 30th, 2010. The rapid upsurge in revenue has been laid down to Thailand’s improving economic situation and extended efforts to raise the profitability of the country’s taxation system.

Following several months of growing collection figures and healthy economic indicators, Thailand’s Finance Ministry raised the country’s 2010 economic growth target to 3.5 percent, in the last days of 2009...

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