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THAILAND LIVE Thailand Live Monday 16 December 2024
Excise Department to Revamp Retail Prices for Higher Tax Revenue File photo for reference only The Excise Department plans to update the recommended retail prices used to calculate excise taxes. Many current product prices are 5% to 10% lower than actual selling prices. A department source revealed that low recommended prices reduce government revenue. Full Story: https://aseannow.com/topic/1346368-excise-department-to-revamp-retail-prices-for-higher-tax-revenue/ -
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Introduction to Personal Income Tax in Thailand
My comment was addressed to a specific form posted earlier and not about Thai Taxation laws in general! see this pointless document posted by a so called expert! https://iao.bangkok.go.th/storage/files/Personal Income Tax.pdf -
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Excise Department to Revamp Retail Prices for Higher Tax Revenue
File photo for reference only The Excise Department plans to update the recommended retail prices used to calculate excise taxes. Many current product prices are 5% to 10% lower than actual selling prices. A department source revealed that low recommended prices reduce government revenue. The department collects 500 to 600 billion baht annually. Raising retail prices by 5% could increase government revenue by 20 to 30 billion baht. The review will focus on high-value items like cars, especially those from the grey market, which often have prices 5% to 15% below their true value. In 2017, the department shifted the tax calculation basis from ex-factory or CIF prices to recommended retail prices, excluding VAT. If these prices don't reflect actual values, the director-general can set a new price for tax calculations based on sales or import prices, following ministerial regulations. The department will use prices from major sales venues like modern trade stores as benchmarks to ensure market relevance. Recommended retail prices should include production costs, management expenses, and profit margins, and must not be below regular market consumer prices. This change aims to prevent vendors from setting unrealistically low prices, which harm revenue. Recommended retail prices are seen as more accurate market indicators compared to ex-factory or CIF prices. -- 2024-12-16 -
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What are the drones over New Jersey? foreign spies to Project Blue Beam
Wow, you believe that, eh? 🤣🤣 -
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Thai-British Beauty Queen Duped Out of 4M Baht, Suspect Arrested
Yes, you are missing something. I think you need to visit Top Charoen for an eyesight test. You clearly haven't been for many years. -
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Thailand Set to Fully Roll Out Nationwide Healthcare by 2024
Has there been another province added ? -
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What are the drones over New Jersey? foreign spies to Project Blue Beam
The best speculation I have heard so far: The drones are sprinkling radioactive and/or biologically active contaminants over specific populated areas in a deep state attempt to kick off the next infectious disease panic. After Covid they know nobody is going to buy another pure psyop without visual, unusual symptoms.- 1
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