Despite lackluster year, department highlights promising stars.

Quick Summary:

The Revenue Department says there are significant challenges this year achieving tax collection targets because of the slowdown in economic activities, although it has identified five sectors that show promise.

This year, she said the department has a team in place to closely monitor transactions, especially international transactions, to prevent the inappropriate shifting of Thailand's tax base to other countries.

"Achieving this year's tax collection target is considered challenging because of various factors, including external problems affecting the export market, elevated energy prices and interest rates, and government expenditure being delayed until April.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Fiscal Target Revenue Year Collection Businesses Baht Department Platforms Countries Kulaya

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-18 @ 07:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1028 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 20719080

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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