FacebookInstagramTwitterContact

 

Scholarship Scheme for Air Traffic Officer Award Ceremony           >>           Briefing on New Public Rulings'           >>           Morocco, Sudan Through To Quarter Finals Of African Nations Championship           >>           Myanmar Police File Charges Against Parliament Member, Writer For Instigative Talks About Rakhine Incident           >>           Japan Launches Epsilon-3 Rocket With Private-Sector Payload           >>           African Nations Championship Introduces Virtual Referee Technology           >>           Manzhouli Sees Over 1,300 Trains Between China, Europe In 2017           >>           President Mulls EO Creating Bangsamoro Autonomous Region           >>           Pa-O Group Picks New Chairman, Promises Continuity           >>           Surakarta's 100-Year-Old Palace Wall Collapses           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events


The Incredibles 5Km Fun Run
January 7th, 2018 | 00:00 AM


20th Consumer Fair
January 24th, 2018 | 00:00 AM





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 05:02AM

Subuh

: 05:12AM

Syuruk

: 06:34AM

Doha

: 06:58AM

Zohor

: 12:32PM

Asar

: 03:53PM

Maghrib

: 06:27PM

Isyak

: 07:40PM

 



The Business Directory


 

 



Thailand


  Home > Thailand


Customs orders tax collectors to declare assets


 


 October 9th, 2017  |  09:39 AM  |   2709 views

THAILAND

 

The Customs Department is requiring senior officials responsible for tax collection to declare their assets to the Finance Ministry in a bid to increase transparency.

 

Targeted officials must declare their assets when their positions change, said director-general Kulit Sombatsiri.

 

He said the requirement relies on the director-general's mandate and has nothing to do with the National Anti-Corruption Commission's law, which stipulates that high-ranking state officials and ministers declare their assets and liabilities when they receive a promotion or change positions.

 

Under Mr Kulit's leadership, the Customs Department has pushed efforts to improve transparency and stem loopholes used for tax avoidance. It has revamped the inspection process in discharging goods and carrying out tax evaluations, shifting from an individual model to a team-based one.

 

Discharging goods that are purchased online and shipped through postal services is one example, he said. Many senders understate the value of their parcels, making sure they are below 1,500 baht to take advantage of a tax exemption.

 

To close the loophole, the Customs Department will arrange a list of importers that will face tougher inspections, in addition to adopting the team-based examination model, said Mr Kulit.

 

Moreover, the tax-collecting agency will adopt more electronic systems.

 

In related news, Mr Kulit said the department has invited 600 representatives from the Federation of Thai Industries, the Thai Chamber of Commerce and the Thai Bankers' Association for a meeting today on the new customs law on importing, duty refunds and free-tax zones, which will come into force on Nov 13.

 

The meeting is aimed at getting feedback from the private sector on which processes could benefit form using IT systems and which ones could face bottlenecks, he said.

 

Mr Kulit recently said he expects the new law to ease trade as the amended regulations include setting the cross-border cargo examination process at a maximum of 30 days.

 

The current law has no cap on the maximum inspection period, leading to some cargo being left idle for extended periods of time.

 


 

Source:
courtesy of BANGKOK POST

by WICHIT CHANTANUSORNSIRI

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


Sarawakian On Drug Trafficking Charge To Enter Defence

 2018-01-18 08:47:18

Koreas To March Under Single 'United' Flag In Olympic Games

 2018-01-18 08:59:18

Pimco Says Lack Of Fear In Markets Means You Should Be Worried

 2018-01-18 09:40:48