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Finance Minister orders tax overhaul to boost post-Covid economy

EconNov 11. 2020Finance Minister Arkhom Termpittayapaisith 

By The Nation

Finance Minister Arkhom Termpittayapaisith has instructed state tax collection agencies to jointly seek ways of overhauling the system to ensure fair treatment of all taxpayers.

The change is also aimed at boosting the country’s competitiveness and wooing foreign investment in the post-Covid era.

A new tax will be introduced for e-commerce and e-businesses, he added.

State tax agencies will also have to consider changes that encourage companies to help solve environmental problems such as PM2.5 pollution.

He also asked the Revenue Department to seek ways to expand the tax base to those currently outside the tax system.