Collection surpasses target in first 7 months

The government’s revenue collection in the first seven months of fiscal 2022 surpassed its target by 3.7% as a result of the expansion of product import volume, in line with the economic recovery, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

He said the Revenue Department’s collection during the period exceeded the target because of higher collection from personal and corporate income tax.

The significant growth in imported products also contributed to the higher value-added tax collection.

The government’s net revenue collection in the first seven months of fiscal 2022 stood at 1.27 trillion baht, exceeding the target by 45.8 billion baht or 3.7%.

The total revenue amount represents a 4.5% expansion from the same period last year.

The Revenue Department collected around 1 trillion baht of revenue in the period, an increase of 127 billion…