Thailand News

China To Probe Dumping Of Styrene by US, Korea, Taiwan
by Mike Godfrey, Tax-News.com, Washington
Tuesday, July 4, 2017
China has made a number of announcements on anti-dumping duty orders, including to launch an investigation into US, Korean, and Taiwanese exports of styrene, which is used to manufacture plastics and resins. Read Full Story

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
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