Tax Revenue for Q1 2023 Exceeds Initial Forecast by 13.2%
The Ministry of Finance has revealed that it collected 633 billion baht in revenue during the first quarter of the 2023 fiscal year. The figure surpassed its initial forecast by 13.2%.
Thailand to charge 300 bahts tourist tax starting from June
The fee will be cheaper for those arriving by water and land because they are likely to stay in the country for only a few days. Visitors who do not stay overnight, diplomats, and work permit holders will be exempted from the fee.
If the land or building is left empty or unused for a period of more than three consecutive years, it will be subject to an additional rate of 0.3% every three years, but the amount will not exceed 3%.
Thailand Approves Tax Cuts to Spur public spendings
Thailand’s cabinet approved tax measures to help boost public consumption to support the country’s economy whose vital tourism sector has just recently begun to recover
The new rules will offer traders several benefits, including exemption from value-added taxes, settlement of losses and higher crypto trading activity in Thailand.
An Introduction to Double Taxation Avoidance in Vietnam
Double taxation avoidance agreements (DTAAs) help businesses from being double-taxed on their income. This also applies to businesses, legal entities, and individuals. Vietnam currently has approximately 80 DTAAs signed.
