Government net revenue for October 2025 to July 2026 reached 2.366 trillion baht, 44,830 million above estimate (1.9%) and 5% higher year on year. Drivers: VAT, extra dividends from state enterprises and Wayuphak fund, and bond premiums. Corporate income tax refunds ran 21,133 million above estimate (6.5%), which the Revenue Department says is a faster refund process meant to ease cash flow for businesses. Excise was 4,959 million below target and customs 5,731 million below (5.6%). For a Thai SME this is background: faster CIT refunds are worth checking if you are owed one, and weak excise and customs take may signal softer tax-sector activity.