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Tuesday, April 30, 2024

Levies, energy rejig on tap in 2021

Enforcement of the land and building tax could be postponed again. Patipat Janthong

New international trade and tax rules as well as personal data protections and a test on energy reform will keep the public and private sectors busy next year once they can look to non-pandemic issues.

FREE TRADE BEHEMOTH

After almost eight years of strenuous negotiations, 15 nations in the Asia-Pacific, including Thailand, finally signed the Regional Comprehensive Economic Partnership (RCEP) trade pact, as they concluded the 37th Asean Summit last month.

The RCEP is a proposed free-trade agreement, considered to be the world’s largest FTA, between the 10 member states of Asean and five dialogue partners: China, Japan, South Korea, Australia and New Zealand.

The Thai Commerce Ministry is scheduled to propose the deal to…

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