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Little impact from tsunami on Thai tax revenues foreseen.
Byline: Wichit Chantanusornsiri
Jan. 7--The Revenue Department expects the impact on tax revenues from the tsunami to be less than 1 percent of projected revenues this year, according to Sirot Sawadpanish, the department's director-general.
The department, responsible for corporate, personal and value-added tax collections, currently projects tax revenues of 820 billion baht for fiscal 2005.
The six provinces hit by the Dec 26 disaster -- Phuket, Phangnga, Krabi, Ranong, Trang and Satun -- generated around six billion baht in tax revenues for the government last year. However, most large companies, including hotels and property firms, are ...
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Source: HighBeam Research, Little impact from tsunami on Thai tax revenues foreseen.