Thailand Revenue Dept Beats Target, Collects 2.5 Trillion Baht
Thailand's Revenue Department collected over 2.5 trillion baht in fiscal year 2026, beating its target by 3.1% and increasing 8% from the previous year. The surge was driven by stronger VAT collections from domestic consumption and imports, along with growth in corporate and personal income taxes. Officials said the result will help fund government spending and sustain economic growth.
The Revenue Department announced that FY2026 tax receipts surpassed 2.52 trillion baht, exceeding the budget estimate by 75.0 billion baht (3.1%) and rising 186.6 billion baht (8%) year-on-year. The increase was driven chiefly by value-added tax, which grew 15% from domestic consumption—particularly from retail, wholesale, electricity and petroleum refining groups, boosted by state stimulus measures such as the Thai Helping Thai Plus program and higher oil prices—and 13.1% from imports due to higher import values. Corporate income tax rose 13.2% based on mid‑year profit filings, with strong contributions from refining, electricity and insurance firms, while personal income tax jumped 18% thanks to data‑analytics‑driven monitoring of high‑potential taxpayers. Deputy Director‑General Slakchit Phongsichandra said the outperformance would support government finances and economic growth.
