Monday, October 21, 2019

Revenue Dept collects more tax than estimated

Aug 26. 2019
(File Photo) Ekniti Nitithanprapas/Photo by The Nation
(File Photo) Ekniti Nitithanprapas/Photo by The Nation
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By The Nation

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The Finance Ministry’s Revenue Department reported tax collection worth Bt1.59 trillion in the first 10 months of this fiscal year (October 1, 2018 to July 31, 2019), the department’s director-general Ekniti Nitithanprapas told Finance Minister Uttama Savanayana, who visited the department on August 26. 

He added this is higher than the earlier estimation of Bt48.44 billion or 3.1 billion higher than the Bt101.84 billion collected in the same period last year.

“We believe the department will be able to achieve Bt2 trillion in tax revenues by the end of this fiscal year,” he said. 

He said the department has created a software to manage tax payers by using big data and data analysis to study tax payers as well as the tax system. The department will also develop a service under the My Tax Account system, which will involve e-stamps, e-donation and VRT Blockchain, he said.

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