ID :
132528
Mon, 07/12/2010 - 19:21
Auther :
Shortlink :
http://m.oananews.org//node/132528
The shortlink copeid
PM pledges no value added tax increase next year
BANGKOK, July 12 - Thai Prime Minister Abhisit Vejjajiva asserted Monday that the value-added tax (VAT) will not be increased this year or next year, saying the country's economy is on the road to recovery.
The premier commented as the Fiscal Policy Office is now studying restructuring of the entire tax system to guarantee fairness as well as pave the way for an increase in government spending through its policy implementation.
Mr Abhisit said the study is aimed at widening the taxation base and making the system less complicated, adding that he believes the issue will not be finalised very soon.
The prime minister assured consumers that a VAT increase is not necessary this year or next year as the country's economy is recovering. He added his government will work out a structure to make the country's economy stay competitive in the global economy.
Mr Abhisit said he has been regularly informed by the Finance Minister Korn Chatikavanij that the study on tax restructuring is in progress and pressing issues will be prioritised once the work is complete by the year end. (MCOT online news)
The premier commented as the Fiscal Policy Office is now studying restructuring of the entire tax system to guarantee fairness as well as pave the way for an increase in government spending through its policy implementation.
Mr Abhisit said the study is aimed at widening the taxation base and making the system less complicated, adding that he believes the issue will not be finalised very soon.
The prime minister assured consumers that a VAT increase is not necessary this year or next year as the country's economy is recovering. He added his government will work out a structure to make the country's economy stay competitive in the global economy.
Mr Abhisit said he has been regularly informed by the Finance Minister Korn Chatikavanij that the study on tax restructuring is in progress and pressing issues will be prioritised once the work is complete by the year end. (MCOT online news)
