Kittiratt to discuss ways to boost tax revenues with related units tomorrow

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Minister Kittiratt to discuss ways to boost tax revenues with related units tomorrow

BANGKOK, 22 April 2014 (NNT) - Finance Minister Kittiratt Na Ranong will chair a meeting of tax collection officials from the Departments of Revenue, Excise, and Customs tomorrow to discuss ways to boost tax income after the 2013 tax collection has fallen behind target.

Permanent Secretary of the Finance Ministry Rangsan Sriworasart said that the discussion aims at addressing the tax income decline in 2013, which appeared to match a concern raised by the Prime Minister during Monday’s cabinet meeting with economic ministers.

The main topics of tomorrow’s discussion are to seek measures to enhance efficiency of tax collection, the Permanent Secretary said. Towards that goal, he said, the ministry is considering implementing three approaches, namely to collect tax and pay tax return sooner than usual, and to eradicate corruption in the collection process.

Mr. Rangsan also attributed the decrease in tax revenue to a decline in Value Added Tax collection in the export sector, adding however that the tax income would return to the normal level once the economic recovery measures are employed.


-- NNT 2014-04-22

[terryp]

Mr. Rangsan also attributed the decrease in tax revenue to a decline in Value Added Tax collection in the export sector

WHAT ...there is no VAT on exports you muppet

[Tatsujin]

What a bunch of <deleted> muppets these people are. Enforce the laws instead of allowing everyone to bribe the officials to NOT pay all the tax owed and you'll get the money. Simple. They could start by asking Thaksin to pay all the tax he owes for a start . . . that'd help the budget no end.

[Tatsujin]

Mr. Rangsan also attributed the decrease in tax revenue to a decline in Value Added Tax collection in the export sector

WHAT ...there is no VAT on exports you muppet

Indeed, great to see people in charge who know the laws inside and out, or is this the law according to PT yet again?

4.2 Zero Percent Rate

Certain activities are liable to VAT at the rate of zero percent. Those activities include:

• • export of goods;
  • services rendered in Thailand and utilized outside Thailand in accordance with rule, procedure and condition prescribed by the Director-General;
  • aircraft or sea-vessels engaging in international transportation;
  • supply of goods and services to government agencies or state-owned enterprises under foreign-aid program;
  • supply of goods and services to the United Nations and its agencies as well as embassies, consulate-general and consulates;
  • supply of goods and services between bonded warehouses or between enterprises located in EPZs.

[chainarong]

Well , you have only one person to blame if you have not enough money ,just look at yourselves in a mirror, you have not managed the economy well at all, and you plan to go into elections with what, a good management of the countries finances as a sweetener, you seem to think you can recoup tax at any level of the community , you cannot , tell the people of Thailand just where they stand , if you need to boost tax revenues , let them decide just how good a manager PTP are and to think you were looking at raising 2,2tnbht loan, you people are a pathetic joke and don't deserve the support of the good people of Thailand..

[Pib]

...the ministry is considering implementing three approaches, namely to collect tax and pay tax return sooner than usual, and to eradicate corruption in the collection process.

Wow...what a concept...and the answer was so simple: 1st - Collect Tax. 2nd - Collect tax sooner vs later. And 3rd - eradicate corruption in tax collection.

Thailand is indeed in the hands of its finest.

Edited April 22, 2014 by Pib

[ramrod711]

BANGKOK, 22 April 2014 (NNT) - Finance Minister Kittiratt Na Ranong will chair a meeting of tax collection officials from the Departments of Revenue, Excise, and Customs tomorrow to discuss ways to boost tax income after the 2013 tax collection has fallen behind target.

BANGKOK, 22 April 2014 (NNT) - Finance Minister Kittiratt Na Ranong will chair a meeting of tax collection officials from the Departments of Revenue, Excise, and Customs tomorrow to discuss ways to boost tax income after PTP ruined the agricultural industry and nearly bankrupted the country.

[tingtongteesood]

Why don't Taksin, PT, cronies, ass kissers and boot lickers all return their ill gotten gains - surely enough to pay the farmers at least 3 times over ! Unbelievable these detritus rip off the country and try and find ways to make the little people pay the financial cost of their crimes..!!!

[Eddy B]

Well that means that the price of everything will be increased again. Thanks alot PTP you bunch of LOSERS!!! I hope after the rice scandal trail all your bank accounts are emptied and put back into the hands of the people it is owed too. W&%NK%@

[Ricardo]

Perhaps the caretaker-Finance Minister might consider reversing the cut in corporate-taxes, which was the administration's first-priority, upon taking up the reigns-of-power ?

Or perhaps not, wouldn't want to upset the Shin-elite, would we ?

[tamvine]

and to eradicate corruption in the collection process.

Mr. Rangsan also attributed the decrease in tax revenue to a decline in Value Added Tax collection in the export sector, adding however that the tax income would return to the normal level once the economic recovery measures are employed.

Good idea to eradicate corruption in collection process. However sir before you can do that impossible task, note that VAT doesn't get affected by Export Sector.

[Ricardo]

and to eradicate corruption in the collection process.

Mr. Rangsan also attributed the decrease in tax revenue to a decline in Value Added Tax collection in the export sector, adding however that the tax income would return to the normal level once the economic recovery measures are employed.

Good idea to eradicate corruption in collection process. However sir before you can do that impossible task, note that VAT doesn't get affected by Export Sector.

Or perhaps Mr Rangsan just inadvertedly revealed the caretaker-Finance-Minister's 'cunning plan', for getting the government finances out of the mess, which they're currently in ?

[Boss]

and to eradicate corruption in the collection process.

Revenue department staff are some of the worst to collect bribes to let "stuff" pass. Goes for land dpt too.

Fed up with this.....

[ChiangraiTony]

With the way things have been unfolding, more and more I'm starting to believe we all in Thailand will be impacted financially. When they start to focus their attention on ways to boost tax revenues I'm sure they can come up with several areas where they can boost revenue. Soon we will be paying more... (I hope I'm wrong)

[Thai at Heart]

<p>

Mr. Rangsan also attributed the decrease in tax revenue to a decline in Value Added Tax collection in the export sector

WHAT ...there is no VAT on exports you muppet

Indeed, great to see people in charge who know the laws inside and out, or is this the law according to PT yet again?

4.2 Zero Percent Rate

Certain activities are liable to VAT at the rate of zero percent. Those activities include:

• export of goods;
• services rendered in Thailand and utilized outside Thailand in accordance with rule, procedure and condition prescribed by the Director-General;
• aircraft or sea-vessels engaging in international transportation;
• supply of goods and services to government agencies or state-owned enterprises under foreign-aid program;
• supply of goods and services to the United Nations and its agencies as well as embassies, consulate-general and consulates;
• supply of goods and services between bonded warehouses or between enterprises located in EPZs.

I think they are referring to companies exploiting loopholes to claim goods are being exported vat free when they aren't. I.e. basic fraud.

[Thai at Heart]

Perhaps the caretaker-Finance Minister might consider reversing the cut in corporate-taxes, which was the administration's first-priority, upon taking up the reigns-of-power ?

Or perhaps not, wouldn't want to upset the Shin-elite, would we ?

Ya don't say.

[belg]

print more bills ? lend more money ?