Thailand's Revenue Department reported tax collections of 2.16 trillion baht through August, up 7.2% YoY, and projects exceeding its 2.44 trillion baht annual target by ~2% (40-50 billion baht overage). Key drivers include higher import VAT (9.8% above budget) and corporate tax revenue from energy companies benefiting from rising global oil prices. The department also deployed data analytics and online platform integration to expand the taxpayer base by 170,000 new registrations, including 56,000 online merchants, signaling improved compliance especially among younger entrepreneurs preparing for capital market listings. FY2570 target set at 2.5 trillion baht.
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