For the first nine months of fiscal 2023, the government’s revenue exceeded the target by 7.5%, or 136 billion baht, despite the diesel excise tax cut, Fiscal Policy Office (FPO) director-general Pornchai Thiraveja said.
During the first nine months of fiscal 2023 (Oct 1, 2022 to June 30, 2023), the government was able to collect net revenue of 1.95 trillion baht, which exceeded the target by 136 billion baht and was 5.2% higher than the corresponding period of the previous year, after value-added tax (VAT) refunds were made by the Revenue Department and the Customs Department, along with the allocation of income to local government organisations.
The Revenue Department, as the country’s largest tax collection…
