"Tax"

Palang Pracharath MP Watanya Wongopasi has suggested that the Excise Department study every aspect carefully before imposing taxes on cryptocurrency trading and sales of stocks.

The Revenue Department is further adjusting its income tax exemption structure to reduce benefits for high-income earners and increase them for low- and middle-income earners, the department chief said on Monday.

Finance Minister Arkhom Termpittayapaisith on Monday ruled out any reduction this year in the land and buildings tax, as relief had already been granted for two years and any further cuts would be a fiscal burden for the government.

Taxes on cryptocurrency trading should be fair, clear, practical and promote trade, the Security and Exchange Commission (SEC)’s former deputy secretary-general Tipsuda Thavaramara said on Sunday.

Kla Party leader Korn Chatikavanij urged the Revenue Department on Wednesday to delay taxing cryptocurrency trading until it has listened to opinions from experts.

The Revenue Department expects to issue tax rules for Thailand’s growing cryptocurrency trade by the end of this month, director-general Ekniti Nitithanprapas said on Monday.

The Thai Digital Asset Association said on Sunday that it will write to the Revenue Department on Monday to seek clarification on collecting withholding tax on profits made from cryptocurrency.

The government expects to collect up to THB88 billion of ‘salinity’ tax in 2022 from high-sodium food products to promote a healthy lifestyle, the Kasikorn Research Centre said on Wednesday after a study.

Consumption tax exemptions will no longer apply to foreign students studying in the nation after the government and ruling parties revise the taxation system for the 2022 fiscal year starting April.

The Excise Department has been instructed to find a way to impose a “salt tax” on the food industry so sodium levels in ready-to-eat food can be controlled and subsequent health problems avoided.

WASHINGTON - Senate Democrats this week are preparing to propose a new tax increase that would raise billions of dollars from a handful of the richest Americans, attempting to create perhaps the most narrowly focused tax policy in postwar history.

In a bid to achieve Thailand’s zero-carbon goals, the Finance Ministry aims to boost the electric vehicle (EV) industry by offering tax cuts to manufacturers and buyers.