@thethaigerofficial: Thailand weighs tax overhaul as debt concerns grow Thailand is once again debating how to deal with rising public debt and persistent fiscal pressure, with a Senate committee putting forward a broad package of tax reform proposals. The most talked-about measure is a possible rise in VAT from 7% to 10%, a move supporters say could help shore up state finances and support spending needs in an ageing society. The committee also floated fresh levies on stock trading, gold transactions, e-commerce activity and foreign digital firms, along with a global minimum tax target for 2027. There are also proposals to increase rates on unused land, widen signage taxes and use AI to improve tax collection efficiency. None of this means immediate change, but it does show how seriously officials are taking the long-term deficit problem. Thailand has reportedly run budget deficits for around a decade, and concerns are building over how close public debt could get to the legal ceiling in the coming years. The politics will be difficult, especially around VAT, but the broader message is clear: pressure is growing for the government to find more revenue. #Thailand #ThaiEconomy #VAT #TaxReform #PublicDebt #BusinessNews #EconomicPolicy #Bangkok #ThailandNews #FiscalPolicy

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Tuesday 21 April 2026 06:10:42 GMT