Taxation in Thailand

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The Excise Department has raised its excise tax target by Bt75 billion for fiscal 2010, to Bt366 billion. Deputy Finance Minister Pruttichai Damrongrat yesterday said the target revision was intended to help strengthen the country’s fiscal position and be more in line with economic conditions.

The cabinet has agreed in principle to the land and building tax bill proposed by the Ministry of Finance, Prime Minister Abhisit Vejjajiva said on Tuesday.

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