Budget airlines are calling on the Finance Ministry to help reduce the excise tax on jet fuel to lower costs for airlines, which claim to be in a fragile state.
The government is considering ways to boost state revenue as Prime Minister Srettha Thavisin is confident the economy will improve in the fourth quarter.
Draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax base is scheduled to be presented to the cabinet for approval in the next two weeks, says Deputy Finance Minister Julapun Amornvivat.
Deputy Finance Minister Julapun Amornvivat has told three tax-related departments to devise stimulus measures to be presented to the economic cabinet within a week and a half.