Government tax revenues totalled Bt98.1b in July, 9.1% lower than in the same period last year, according to the Finance Ministry. Revenues for the first 10 months of fiscal 2009 to July totalled Bt1.12t, or 9.6% lower than in the same period the year before. But the ministry said tax revenue trends have shown signs of improvement with the overall economy, particularly import tariffs, value-added and auto excise taxes. The ministry estimates a revenue shortfall for the full fiscal year ending on Sept 30 of Bt206b, an improvement from earlier estimates of Bt280b. The 2009 budget initially set a revenue target of Bt1.6t. (Bangkok Post)
Government tax revenue down 9%
All posts byThaiVest Editorial Team
Leave a reply
You Might Also Like
Thai Government develops one-stop startup portal to support local entrepreneurs
Joe MillerOctober 11, 2017
The one-stop startup portal dubbed 'Biz Portal' sets out to improve Thailand's Global Competitiveness Index.
Analysts look to positives amid N Korea tensions
Joe MillerApril 19, 2017
TENSIONS over the stand-off between the US and North Korea could pressure global stock markets, say investment experts, though some...
Easy money bull runs to end soon according to ASCO
Joe MillerMarch 30, 2017
Liquidity-driven stock market rallies are coming to an end following the tapering of rapid fire money printing at most major...