"Ministry of Finance"

The Cabinet on Tuesday approved a move to suspend the import tax for child car seats until December 31, 2023.

Thailand is not in immediate danger from “stagflation”, as the economy and employment are recovering gradually, Finance Minister Arkhom Termpittayapaisith said on Monday.

The Finance Ministry said a move to borrow 30 billion baht to boost liquidity of the Oil Fuel Fund is on hold as the fund is not a juristic entity so cannot apply for the loan itself.

Finance Minister Arkhom Termpittayapaisith has told state banks to maintain their interest rates to help citizens and business operators in the current economic situation.

The Fiscal Policy Office (FPO) will hold discussions with the Interior Ministry to follow up on a request from the private sector for a review of the land and building tax.

The Finance Ministry is reconsidering the necessity of launching another phase of the “Khon La Khrueng” (Let’s Go Halves) co-payment scheme because uses up a lot of money and only boosts spending for a short time.

The Finance Ministry is ready for cash injection to assist state welfare card holders and minor operators under the “Kon La Krueng” co-payment scheme.

The Finance Ministry announced on Monday that it was not reducing the excise tax on benzyl fuel because it has already spent huge sums on maintaining the price of energy.

A total of 39.76 million Thais have registered for economic stimulus schemes in 2022, spending around 45 billion baht, according to the Finance Ministry.

The Finance Ministry will at the Tuesday Cabinet meeting propose the option of reducing excise tax for diesel to less than 3 baht per litre, a source was quoted as saying by Thansettakij.

The government has been discussing the collection of digital asset taxes as it saw the importance of fintech and how such assets have grown quickly, Finance Minister Arkhom Termpittayapaisith told The Big Issue 2022 seminar with the theme “Future Crypto Future Thailand”, organised by Thansettakij on Wednesday.

Finance Minister Arkhom Termpittayapaisith revealed on Monday that Thailand faces a delicate balancing act in its transition to electric vehicles.