Revenue Dept may miss collection target if growth estimates remain unchanged
The Revenue Department is uncertain if it will meet the revenue collection target in 2021 fiscal year, director general Ekniti Nitithanprapas said.
He added that the existing target is based on the assumption that next year’s economic growth will be between 4 and 5 per cent.
However, he said, the department will have to wait for a new estimate from the Fiscal Policy Office due to a change in Thailand’s economic situation.
The outcome of total revenue collection for 2020 fiscal year, which ends this month, is pending the outcome of corporate tax submission in the first half of this year.
Revenue collection in August exceeded the target by Bt30 billion because the tax payment period had been extended from March to August, and not because the economy was improving.
