Connect with us

Economics

First car tax refund submissions reach 1.25 million

Thai government will have to refund to first car owners, at no more than Bt100,000/car, has so far reached Bt91 billion from about 1.25 million car owners

Boris Sullivan

Published

on

Tax refund submissions in the government’s ‘first car’ scheme has reached nearly Bt100 billion in value.

Thailand’s Excise Department Director-General Somchai Poonsawat said the taxes the Thai government will have to refund to first car owners, at no more than Bt100,000/car, has so far reached Bt91 billion from about 1.25 million car owners, as of 4:30pm on December 31, the last day for refund submissions, but which can be done until midnight if submitted online.

Car Maker in Thailand

first car owners, at no more than Bt100,000/car, has so far reached Bt91 billion from about 1.25 million car owners

 Bt91 billion from about 1.25 million car owners

He said about 10 per cent of tax submission have been done through the internet, while sedans top the type of vehicles for which refunds are being sought at some 737,000 units, followed by other four-door vehicles and pick-up trucks.

Mr Somchai said about 5,000 first car owners submitted documents for tax refunds yesterday.

The Bt91 billion to be rebated is threefold higher than previously forecast, he noted.

About 47,000 persons have already been granted the refunds at the value of Bt3.4 billion.

The director-general said the government is expected to use around Bt20 billion to pay back the refunds from the 2013 fiscal year, from the earlier expected amount of Bt7 billion and Bt18 billion respectively.

Up to Bt35 billion is forecast to be spent for the ‘first car’ scheme in the 2014 fiscal year, he said.

Those wishing to submit documents online for refunds can log on through https://firstcar.excise.go.th/ until midnight. (MCOT online news)

via ‘First car’ tax refund submissions reach nearly Bt100 bln in value | MCOT.net.

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Banking

Thailand’s four challenges : Debt, inequality, plastics and climate change

Thais tended to get into debt faster, for longer and for higher amounts. Indebtedness starts as soon as they begin to work at age 25 and can increase until 56 years old.

Avatar

Published

on

Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the Future of Corporate Governance”, delivered at the Finance and Beyond National Director Conference 2019 in Bangkok (July 24th), said Thailand faces four challenges that require good governance in businesses to address.

(more…)
Continue Reading

Economics

Exports contracted by -2.1%YOY in June, or -8.7% without Gold

With the exception of military arms and weapons reshipment to the USA in February, Thai exports value has shrunk continuously for the past 8 months, and the first half of 2019 showing a decline of -4.4%YOY.

Avatar

Published

on

The value of Thai exports in June 2019 fell by -2.1%YOY. With the exclusion of gold, exports dropped further by -8.7% YOY (Gold export in June grew by 317.4%YOY).

(more…)
Continue Reading

Economics

Thai exports could drop 0.6% in 2019

The University of the Thai Chamber of Commerce predicts that Thai exports in 2019 will drop 0.6% year on year, the first contraction in four years.

Avatar

Published

on

Dr. Aat Pisanwanich, Director of Center for International Trade Studies (CITS) of UTCC, said that total Thai exports this year are expected to reach USD251.338 billion, 0.64% less than last year and the first contraction in four years.

(more…)
Continue Reading

Most Read

Upcoming Events

Sep 19

ASEAN (Bangkok)Toys and Preschool Expo

September 19 @ 10:00 am - September 21 @ 7:00 pm BMT
Oct 16

GovInsider Live

October 16 - October 17
Nov 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT
Dec 05

The Healthcare+ Expo Taiwan

December 5 @ 9:00 am - December 8 @ 5:30 pm BMT

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 11,077 other subscribers

Trending