The Revenue Department collected 2.52 trillion baht in the 2026 fiscal year, 3.1% above target and 8% up on last year. Domestic VAT rose 15%, helped by government spending stimulus (the Thai Chuay Thai Plus co-payment scheme) and higher fuel prices; import VAT rose 13.1%. Corporate income tax (based on half-year estimates, form ภ.ง.ด.51) rose 13.2%, and personal income tax rose 18% after the department used data analytics to target higher-potential taxpayers. For a small business, this signals tighter tax enforcement: expect more data-matching and audits, so keep VAT invoices, sales records and tax filings clean and reconciled.
← Back to all articles