Thailand Revenue Department to Expedite B160bn VAT Refunds for Business Liquidity

• Revenue Department instructed to expedite 160 billion baht in outstanding VAT refunds to boost business sector liquidity
• Finance Minister orders faster refund process by reviewing only 60 to 70 percent of data first then conducting post audit inspections later
• Big Brother Helps Little Brother program will speed up tax refunds for large firms that assist small and medium enterprises
• Ministry introducing tourism stimulus measures allowing hotel operators in secondary cities to deduct renovation expenses at 1.5 to 2 times actual cost
• Government agencies required to accelerate 10 billion baht budget disbursement for training and seminars in secondary cities by January 2026

Source: bangkokpost.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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