Finance minister floats tax changes

Quick Summary:

Finance Minister Pichai Chunhavajira has floated the idea of increasing value-added tax (VAT), while reducing corporate and personal income tax rates to strengthen state revenue, drive national development, enhance competitiveness and address domestic disparities.

While lower interest rates may raise concerns about higher inflation that could burden the public, he noted that inflation this year is likely to remain below 1%, possibly around 0.6% or 0.7%.

These factors also position Thailand well to support investment in green energy,” said Mr Pichai.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Interest Investment Policy Rates Baht Income Support Rate Pichai Thailand Must

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 18:18:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 966 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 24092342

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