Tags : VAT Refund

News

Thailand unveils VAT refund for tourists via mobile app

BANGKOK (NNT) – The Ministry of Finance has launched a blockchain technology project to enable foreign travelers to claim value-added tax refunds via a mobile application. The move is expected to increase tourist spending in the country by 10%. The Finance Minister, Uttama Savanayana, said the Revenue Department has joined hands with related agencies to […]Read More

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VAT refund for tourists hiked to B30,000

The Revenue Department is set to raise the ceiling for value-added tax (VAT) refunds for tourists at downtown agents to 30,000 baht per traveller from 12,000 baht at present. The tax-collecting agency plans to expand cash payment services for VAT refunds to tourists at 10 international airports nationwide instead of just Suvarnabhumi and Don Mueang […]Read More

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NACC faults ex-revenue official for malfeasance regarding illegal VAT refund

A former revenue official of Samut Prakan Mr Payu Suksodkhieu and associates have been faulted by the National Anti-Corruption Commission for malfeasance in office in connection with the provincial revenue office’s dispensing of value-added tax refund worth about 1,113 million baht to ghost companies. NACC secretary-general Sansern Poljiak said Thursday that the agency’s investigators had […]Read More

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10 arrested in VAT fraud scheme

The Revenue Department arrested 10 people and is investigating about 50 companies for allegedly defrauding the department out of 600 million baht in value-added taxes. Director-general Prasong Poontaneat said the scheme involved export and product-supply companies who conspired to record false transactions and then file VAT-refund claims. Read more: Bangkok Post BANGKOK POSTRead More