Thailand strengthens measures to combat tax evasion
Thailand’s Revenue Department is developing a data analytics system to facilitate entrepreneurs to integrate into the tax payment system and fight against falsified tax invoices, the Director-General of the Revenue Department, Kulaya Tantitemit has said.
Thailand's Revenue Department announces that five gangs have been arrested for supplying fraudulent VAT documents worth 100 million THB. (Photo: Bangkokpost.com)
Bangkok (VNA) – Thailand’s Revenue Department is developing a data analytics system tofacilitate entrepreneurs to integrate into the tax payment system and fightagainst falsified tax invoices, the Director-General of the Revenue Department,Kulaya Tantitemit has said.
Speaking at a pressconference💖 alongside the Economic Crime Suppression Division on February 15,Kula♒ya informed that the two agencies detected five gangs for involvement inthe production of fake value-added tax (VAT) invoices.
The Revenue Departmentestimates that these fraudulent acts have led to a tax revenue loss ofapproximately 100 million THB (2.7 million USD). According to Kulaya,the new data analytics system is a strategic move to bolster tax and customsadministration. It will enable about 800,000 entrepreneurs to access the VATpayment system free of charge, she said. She emphasised thatinvestigations uncovered that registered businesses had been issuing VATinvoices without carrying out any actual business transactions. Such actions harm theVAT system, causing the government to lose a massive amount of revenue, shesaid. Pol Maj Gen SophonSarapat, deputy commander of the Central Investigation Bureau saidentrepreneurs who illegally issue VAT invoices or use such documents aresubject to both civil and criminal penalties. In civil cases,offenders are liable to pay a fine doubling the amount of tax, plus a surchargeat a rate of 1.5% interest per month, or a monthly fraction of the tax amount. In criminal cases, they have to pay 2,000 to 200,000 THB per tax invoice, and can facea prison sentence of three months to seven years per invoice./.
Thailand’s consumer confidence rose in January, reaching the highest level in 47 months since March 2020, boosted by the government's stimulus measures to propel spending and reduce electricity and fuel prices, and strong recovery of tourism industry.
Thailand’s cabinet has approved an additional 560 billion THB (1.5 billion USD) in new borrowing for fiscal 2024, bringing total new borrowing for the fiscal year to more than 754 billion THB.
The Thai Government on February 14 approved a scheme to offer visitors up to 500,000 THB (14,000 USD) in medical coverage in case of accidents and pay compensation of up to 1 million THB in case of death.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
Thailand's Revenue Department announces that five gangs have been arrested for supplying fraudulent VAT documents worth 100 million THB. (Photo: Bangkokpost.com)
