After Thai government tax receipts fell by 17% between last October and April, the government now says there has been some catch-up, with receipts during the first nine months of the 2008/09 fiscal year down only 10.8% over last year.
Somchai Sajjapong, director of the Fiscal Policy Office, says that the drop is attributed to to VAT, corporate tax, import duties and automobile tax. The only bright spot was the oil and gas sector, which turned in higher revenues due to higher oil prices.
The government has increased excise taxes, but the Finance Ministry mow forecasts that government revenue for the whole fiscal year will fall significantly below the earlier estimate of 6 trillion Baht.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment