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The Latest Breaking News from The Finance Ministry

Finance Ministry highlights 10 tax reforms

The Finance Ministry has proposed a package of 10 tax reforms that are expected to generate more than 435 billion baht in additional annual revenue, with the objective of ensuring that government revenue remains sufficient to accommodate increasing public expenditure in the future.

Bangkok Post

Govt extends customs duty waiver on import of key petrochemical products till July 15

The government has extended the nil customs duty on approximately 40 critical petrochemical products by another 15 days, now until July 15. This move aims to maintain supply stability for sectors like plastics, packaging, and pharmaceuticals, which rely on these imports. The temporary relief, initially granted due to West Asia…

The Economic Times

Has government changed PPF, NSC, SCSS and other small savings interest rates for July-September 2026 quarter?

Small savings scheme interest rates: The Finance Ministry has kept interest rates on all small savings schemes unchanged for the July–September 2026 quarter. Rates remain 8.2% for SCSS and Sukanya Samriddhi, 7.7% for NSC, 7.5% for Kisan Vikas Patra and 5-year deposits, 7.1% for PPF, and 4% for Post Office…

The Economic Times

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Geopolitical tensions weigh on sentiment

Geopolitical tensions have been disrupting global supply chains, increasing production costs and weighing on Thailand's economic growth, according to the Finance Ministry.

Bangkok Post

Funding roadmap for energy projects gets nod

The Finance Ministry has approved a funding framework for Thailand's energy transition projects, which aim to cut fossil fuel use, promote electric vehicles (EVs) and upskill workers.

Bangkok Post

Investment policy talks amid new top-up tax

The Finance Ministry is to meet relevant state agencies to discuss investment promotion following Thailand's introduction of a top-up tax measure, said a ministry source who requested anonymity.

Bangkok Post

Spotlight on ballooning welfare spending

Is Thailand becoming a welfare state? The answer remains to be seen, given the government's fiscal constraints.

Bangkok Post

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Tax system utilised for more targeted benefits for the poor

The Finance Ministry is expediting its review of welfare reforms to ensure the benefits target those most in need, minimise duplication across programmes, and promote greater participation in the labour force.

Bangkok Post

Welfare card deadline nears for those missing from databases

The Finance Ministry has urged low-income people who are missing from state welfare databases to register through local administrative authorities before the June 21 deadline.

Bangkok Post

Dwarikesh Sugar, Dhampur Sugar and other sugar stocks gain up to 4% after excise duty cut on ethanol-blended petrol

Sugar stocks rose sharply on Thursday after the Finance Ministry exempted several ethanol-blended petrol variants from excise duty, strengthening the outlook for India's ethanol blending programme. Investors cheered the move as it is expected to boost ethanol demand, improve earnings visibility for sugar companies, and support long-term sector growth.

The Economic Times

Commerce ministry raises anti-dumping duty rejection issue at 'highest level'

The Commerce Ministry is escalating concerns about the Finance Ministry's increasing rejection of anti-dumping duty recommendations. This trend impacts domestic industries, reducing capacity and investment. The Directorate General of Trade Remedies' proposals are vital for fair trade. Non-implementation leads to significant economic losses and reduced foreign exchange earnings.

The Economic Times

Ministry to review welfare card rules

The Finance Ministry will review the eligibility criteria for the state welfare card scheme following concerns that some elderly parents have been unfairly disqualified after their children claimed tax deductions on their behalf, despite not providing any financial support.

Bangkok Post

Assam Chief Minister Himanta Biswa Sarma allocates portfolios to 12 newly inducted ministers

Assam Chief Minister Himanta Biswa Sarma has allocated portfolios to twelve new ministers. The chief minister kept key departments like Home and Political. Senior ministers Ranoj Pegu and Ashok Singhal retained their previous portfolios. Jayanta Malla Baruah has been given the Finance Ministry. The expansion brings the cabinet strength to…

The Economic Times

8.8 million register for welfare

More than 8.86 million State Welfare Card holders have completed registration to confirm their eligibility for the 2026 State Welfare Registration Programme, with over 8.45 million of them verified, the Finance Ministry said on Saturday.

Bangkok Post

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Bangkok Post

Thailand inches towards negative income tax

The Finance Ministry is preparing a comprehensive overhaul of the government's welfare system, laying the groundwork to implement a negative income tax (NIT) system in Thailand.

Bangkok Post

Welfare rules spark backlash

A wave of public criticism has erupted over the government's revised eligibility criteria for the state welfare card programme, under which parents may lose their entitlement to benefits if their children claim tax deductions for parental support.

Bangkok Post

Government tightens welfare criteria

The Finance Ministry has revised the eligibility criteria for the state welfare card programme, a move expected to reduce the number of beneficiaries from 13.2 million people.

Bangkok Post

Thais Help Thais Plus spending tops B2bn on first day

More than 8.7 million people nationwide benefitted from using the Thai Chuay Thai Plus (Thais Help Thais) co-payment app on Monday, the scheme's first day, generating over 2 billion baht in economic activity, according to the Finance Ministry.

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Bangkok Post

Co-pay scheme kicks off

More than 39.2 million people will receive 1,000 baht in government support from today as the Thais Help Thais Plus co-payment scheme officially begins, says the Finance Ministry.

Euronews

Economy: why Poland is booming while eastern Germany falls behind

Eastern Germany risks falling behind, economists warn, while neighbours such as Poland are booming. What sets them apart, and what does the East need to turn things around?

Bangkok Post

Transition funds nudge motorists towards EVs

Part of the government's spending plan for the transition to clean energy involves encouraging the public to switch to electric vehicles (EVs) on a wider scale, says finance permanent secretary Lavaron Sangsnit.

Bangkok Post

Monthly borrowing for stimulus

The Finance Ministry is preparing to gradually borrow funds for the "Thais Help Thais Plus" programme, says finance permanent secretary Lavaron Sangsnit.

Bangkok Post

Retirement savings plan tipped for 2027

The Finance Ministry expects the new tax-deductible retirement savings scheme, known as the Thailand Individual Savings Account (TISA), to become available in the next tax year, according to the Fiscal Policy Office (FPO) chief.

International Business Times UK

Tragedy in India: Finance Ministry Officer Navjot Singh Killed, Wife Injured in BMW Crash

Finance Ministry officer Navjot Singh killed in BMW crash in India; wife injured. BMW driver booked for homicide as investigation unfolds amid growing public concern.

The Independent UK

Thailand's ex-Prime Minister Yingluck ordered to pay for losses from a rice subsidy program

A Thai court has ordered exiled former Prime Minister Yingluck Shinawatra to pay more than $304 million to compensate for losses incurred by a money-losing rice farming subsidy program that her government had implemented more than a decade ago

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