The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties says Fiscal Policy Office director-general Pornchai Thiraveja.
The ministry already uses blockchain technology to support tax filings and value-added tax (VAT) refunds for foreign tourists.
Whenever concerns about fiscal status are raised, a proposal to raise the VAT from 7% to 10% to increase revenue is brought up by parties. However, no government has made the move because of the likely effect on voters.
Source: www.bangkokpost.com
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