BANGKOK, 8 July 2013 The Customs Department is targeting to reap up to 111 billion baht from taxes and tariffs this year, thanks to the depreciation of the Thai baht against other currencies.
According to Yuttana Yimgarund, Deputy Director General of the Customs Department, the department is expecting to collect 111 billion baht in customs tariffs this year. For the past 3 quarters, the department has collected around 80 billion baht, which is 2 percent higher than the projected number.
The deputy director also expected to collect another 400 billion baht from revenue and excise taxes. He said the tremendous amount was a result of the depreciation of the Thai baht, enabling the export sector to increase its export volume.
Finally, the deputy director said he had ordered department executives to regularly check all documents related to export in order to prevent corruption, while urging the 35 exporting-related agencies to improve their efficiency for the benefit of the country’s export-import sector.
