Thailand News

Philippines Says VAT Rate Cut On The Horizon

by Mary Swire, Tax-News.com, Hong Kong

Monday, June 26, 2017

The Philippines Ministry of Finance has said that a lower value-added tax rate may be possible once the tax base is broadened and wider tax system changes are implemented. Read Full Story

IMF Says Thailand Should Double VAT Rate

by Mary Swire, Tax-News.com, Hong Kong

Thursday, June 8, 2017

Thailand should gradually increase its value-added tax rate to 14 percent from 7 percent to boost its tax revenues. Read Full Story

Filipino Tax Reform Would Plug VAT Leakages, DoF Says

by Mary Swire, Tax-News.com, Hong Kong

Friday, May 19, 2017

The Philippines hopes to rein in value-added tax breaks, which are costing the Government an estimated PHP90.7bn (USD1.82bn) a year, the Department of Finance has said. Read Full Story

US Extends Several Anti-Dumping Duty Orders

by Mike Godfrey, Tax-News.com, Washington

Monday, May 8, 2017

The US International Trade Commission has voted to continue levying anti-dumping duties on frozen warmwater shrimp from China, India, Thailand, and Vietnam, and helical spring lock washers from China and Taiwan. Read Full Story

Hong Kong Hopes To Conclude ASEAN FTA Soon

by Mary Swire, Tax-News.com, Hong Kong

Friday, May 5, 2017

Hong Kong expects to conclude free trade agreement negotiations with the Association of Southeast Asian Nations by the end of the year. Read Full Story

Australia Expands Online FTA Portal

by Mary Swire, Tax-news.com, Hong Kong

Tuesday, May 2, 2017

The Australian Government is now providing information on exporting to an additional nine overseas markets covered by free trade deals. Read Full Story

Thailand Increases Penalties For Tax Fraud, Evasion

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, April 18, 2017

The Thai Revenue Department announced earlier this month that new legislation effective from April 2 increases penalties for those taxpayers committing tax fraud or evading their tax liability. Read Full Story

Thai Government Denies VAT Increase 'Plan'

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, March 14, 2017

There has been confusion in Thailand over remarks made by Prime Minister Prayut Chan-o-cha, after the premier appeared to suggest increasing the seven percent VAT rate to eight percent to boost the government's coffers for the funding of various public projects. Read Full Story

Hong Kong Seeking ASEAN FTA Deal By March

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, January 31, 2017

During the question-and-answer session of the Joint Business Community Luncheon on January 26, Hong Kong's Chief Executive, C Y Leung, stressed the importance to the city of global free trade. Read Full Story