Think tank calls for personal income tax restructuring

A taxpayer submits personal income tax forms to a Revenue Department official. The government has collected a low amount of personal income tax in recent years, according to the NESDC. (Photo: Apichit Jinakul)

The government needs to revamp the tax structure, especially the personal income tax, to bridge the income gap and ensure a fairer system, according to the National Economic and Social Development Council (NESDC).

Thailand still has some tax waivers, including the capital gains tax, which some parties believe should be cancelled. The government is studying whether some tax waivers should be terminated, said NESDC secretary-general Danucha Pichayanan on Thursday at a media briefing on Thai society.