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Thailand Ropes in Bank to Develop Online Tax Payment
Source: http://www.futuregov.asia
Source Date: Thursday, October 03, 2013
Focus: Citizens’ Service Delivery
Country: Thailand
Created: Oct 08, 2013

Thailand’s Excise Department is looking to attract all businesses online as it develops a new complete online excise tax payment system.

 

On October 1, ChumpolRimsakorn from the Excise Department signed an agreement with Peter Foo Moo Tan, President and CEO of United Overseas Bank, Thailand. The two organisations have agreed to develop an online network to facilitate the payment of excise taxes by businesses and to improve effectiveness and stability of the Department’s management.

 

Rimsakorn believes that such an online system covering every step of the tax payment procedure is likely to attract 100 per cent of large businesses. 70 per cent of businesses, especially automakers, are already paying their taxes online, according to him.

 

As of the end of September, the Department collected THB 432 billion (US$ 13.8 billion) in excise tax this year, which is already five per cent higher than the target. In 2014, it aims to collect THB 466 billion (US$ 15 billion), Rimsakorn revealed. 

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