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111375
Sat, 03/13/2010 - 10:18
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http://m.oananews.org//node/111375
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Government’s revenue collection higher than targeted in February
BANGKOK, Mar 13 (TNA) – The Thai government collected Bt97.42 billion in net revenue, Bt19.5 billion or 25 per cent higher than targeted, in February due to an increase in consumption and imports upon the continued economic recovery, according to the Fiscal Policy Office (FPO).
FPO Director-General Satit Rungkasiri revealed the top three tax revenue collections came from the value-added tax, oil taxes and vehicle excise tax as consumption and imports had risen continuously due to the economic upturn.
However, revenue collection from the vehicle excise tax dropped from that of the previous month although it was Bt2.46 billion higher than projected partly because consumers slowed purchasing vehicles to wait for the unveiling of new car models and the Motor Show event later this month.
In the first five months of Fiscal 2010 (October 2010-February 2010), he said the government’s net revenue collection totaled Bt558.79 billion, up Bt107.25 billion or 23.8 per cent from the projection.
Tax collections by the Excise, Revenue, and Customs Departments were Bt42.27 billion (39.3 per cent), Bt44.41 billion (13.1 per cent), and Bt8.49 billion (27.5 per cent) higher than forecast, respectively.
With the continued increase in the revenue collection in the first five months of Fiscal 2010, Mr Sathit said, the Finance Ministry was confident the government’s revenue collection this year would reach Bt1.52 trillion, which is Bt172 billion higher than expected. (TNA)
FPO Director-General Satit Rungkasiri revealed the top three tax revenue collections came from the value-added tax, oil taxes and vehicle excise tax as consumption and imports had risen continuously due to the economic upturn.
However, revenue collection from the vehicle excise tax dropped from that of the previous month although it was Bt2.46 billion higher than projected partly because consumers slowed purchasing vehicles to wait for the unveiling of new car models and the Motor Show event later this month.
In the first five months of Fiscal 2010 (October 2010-February 2010), he said the government’s net revenue collection totaled Bt558.79 billion, up Bt107.25 billion or 23.8 per cent from the projection.
Tax collections by the Excise, Revenue, and Customs Departments were Bt42.27 billion (39.3 per cent), Bt44.41 billion (13.1 per cent), and Bt8.49 billion (27.5 per cent) higher than forecast, respectively.
With the continued increase in the revenue collection in the first five months of Fiscal 2010, Mr Sathit said, the Finance Ministry was confident the government’s revenue collection this year would reach Bt1.52 trillion, which is Bt172 billion higher than expected. (TNA)
