Govt revenue collection falls short
- Published: 5 Sep 2012 at 12.27
- Online news:
Government tax revenues this year would be lower than the target of 1.63 trillion baht, Jitmanee Suwanpul, deputy director general of the Excise Department, said on Wednesday.
Revenue will be short by 10-20 billion baht as a result of a substantial decline in collected corporate income tax caused by the impact of great flood late last year, Mrs Jitmanee said.
The government’s tax incentive schemes, including the first-time home and first-car buyers schemes and tax breaks offered the Board of Investment were other reasons for the shortfall, she added.
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