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State revenues up in first four months of 2025 fiscal year

State revenues up in first four months of 2025 fiscal year

10 Sept 16:58 Key points summarised by AI
  • Thailand's state revenues reached over 646.2 billion baht in the first four months of the 2025 fiscal year (Oct 2024-Jan 2025), marking a 3.8% year-on-year increase and exceeding initial estimates.
  • The Revenue Department directly collected the majority, over 488.1 billion baht, which signifies a 5.6% rise compared to the previous year.
  • Value-added tax (VAT) significantly boosted revenues, with VAT from domestic purchases increasing by 13% and from imported goods by 7.9% year-on-year.
  • The department urged domestic income earners to submit their personal income tax forms by March 31, 2025 (in-person) or April 8, 2025 (online).
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