Revenue Dept. uses ‘carrot and stick’ to encourage dodgers to pay taxes

13 Sept 10:15 Key points summarised by AI

Thailand's Revenue Department is implementing a "carrot and stick" strategy to compel approximately 3 million income-earners and 140,000 entrepreneurs to pay their overdue taxes.
The department targets a significant increase in tax collection to 2.11 trillion baht next year, aiming to expand the personal income tax base by 10%.
Officials emphasize fairness, stating that while they aren't "squeezing" taxpayers, legal action awaits those who fail to comply with their tax obligations.
A key focus includes addressing the large number of SMEs that rarely pay taxes and pushing for the speedy enforcement of the E-Business Act to tax foreign-registered online businesses operating in Thailand.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.