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.

Loading...

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.

Economics

Thailand extends the 7,000 baht “Rao Chana” scheme to 33.5 million Thais

The Ministry of Finance said that the new proposal will increase the number of people eligible for the “Rao Chana” relief package to 33.5 million while raising the budget to 3 billion baht.

Olivier Languepin

Published

on

The Ministry of Finance, said today that the new proposal will increase the number of people eligible for the “Rao Chana” relief package to 33.5 million while raising the budget to 3 billion baht.

Loading...
(more…)

Continue Reading

Economics

Thai fruit exports to FTA markets up 107 percent

China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom.

Loading...
(more…)

Continue Reading

Economics

The Future of Asia: greener but with a public and private debt hangover

The COVID-19 pandemic has been a perfect storm, destroying jobs, worsening poverty and inequality, and creating a public and private debt problem—especially for countries and firms already in fragile financial health beforehand

Avatar

Published

on

The Sydney Opera resumed live performances and the city of Melbourne recently hosted the Australian Open tennis tournament with fans (mostly) in attendance.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

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

Join 13,985 other subscribers

Latest

Trending