Ministry sets targets for tax reform

Revenue needed for future expenses

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja.

First, tax reform should ramp up the country’s competitiveness and ensure sustainable economic growth.

The ministry will examine the overall tax structure to increase tax revenue and review tax benefit measures that cost the state coffers, he said.

Second, tax reform should align with the digital economy.

The ministry will continue to use advanced technologies to improve the tax collection process and…