"Tax"

The Cabinet on Tuesday approved a draft royal decree to drastically decelerate the annual tax for taxis, tuk-tuks and motorcycle taxis for a year in a bid to reduce expenses.

United Nations Secretary-General Antonio Guterres on Wednesday slammed the "grotesque greed" of oil and gas companies and their financial backers and urged governments globally to "tax these excessive profits" to support the most vulnerable people.

If you buy an electric vehicle between October 1, 2024, and September 30, 2025, you stand to gain up to 80 per cent in tax reduction.

The Cabinet on Tuesday suspended the occupancy tax levied on hotels for another two years, until June 30, 2024, to relieve Covid-19 impacts on hotel operators.

Interior Minister Anupong Paochinda has postponed the collection of land and building tax for another three months to help ease the impact of Covid-19 on taxpayers.

With U.S. President Joe Biden on Wednesday calling for a three-month suspension of the federal gasoline tax to combat record prices, experts and motorists are saying they're unimpressed, even as opposition from lawmakers within Biden’s own party suggests the tax hiatus may never go into effect.

Finance Minister Arkhom Termpittayapaisith said on Monday that he will soon propose that the Cabinet approves his ministry’s plan to start collecting tax on revenue earned from the sale of shares.

A Facebook post by a popular property developer, apparently aimed at boosting its “green image”, appeared to backfire when it drew ridicule from many social networkers who commented in other words that the company was allegedly trying to avoid paying land tax.

The Royal Gazette website on Wednesday published a Finance Ministry announcement stipulating that no revenue tax will be collected from subsidies provided under government measures to stimulate the economy or tourism, as well as measures aimed at alleviating people’s financial burden.

Many land owners have decided to use their land to grow crops so they won’t have to pay property tax.

The Bangkok Metropolitan Administration (BMA) is planning to impose a new tobacco tax of up to 10 satang per cigarette called “Tobacco Tax for Local Maintenance”.

The Finance Ministry may extend the reduction of diesel excise tax when the tax cut period expires on May 20 but the new reduction rate may be just Bt1.5, not Bt3, a ministry source said Monday.