Revenue Dept Exceeds Tax Target by 8.3 Billion Baht, Awaits New Govt Measures

Thansettakij•Economy•11h ago

Reader Briefing

The Revenue Department surpassed its revenue target by 8.3 billion baht in the first four months of fiscal year 2026, with projections for continued success based on new government policies and economic recovery.

•The Revenue Department collected 191 billion baht in the first four months of fiscal year 2026, exceeding its estimate by 8.3 billion baht.
•Increases in vehicle and beverage taxes, driven by pre-emptive stock building and New Year celebrations, contributed to the surplus.
•Future revenue is anticipated to benefit from private consumption growth, new government economic stimulus measures, and a recovering tourism sector.

Overview

•The Revenue Department collected 191 billion baht during the first four months of fiscal year 2026.
•This total exceeded the estimated budget by 8,300 million baht, or 5%.
•The revenue growth was attributed to increased tax collection from vehicles, due to automakers stocking up before January 2026 tax changes.
•Celebrations during the New Year period also boosted revenue from beverages and beer.
•The Revenue Department is looking to new government measures to stimulate the economy and increase revenue further.
•Deputy Prime Minister and Minister of Finance Ekkanit Nitithanprapas projected that the fourth quarter of 2025 might expand by 2.5%.
•New tax measures, such as cigarette tax, are awaiting consideration by the new government.
•The tourism sector's recovery is expected to directly benefit tax collection for alcohol, tobacco, and various beverages.
•A shift is occurring in the automotive sector from internal combustion engine vehicles to electric vehicles (EVs) and hybrids.
•EV tax for models participating in support schemes remains at 2% for two more years.
•General EV tax has increased from 8% to 10% since January.
•Hybrid vehicle tax has also been adjusted, with domestically produced vehicles meeting certain conditions increasing from 4% to 6%.
•Starting in 2026, internal combustion engine vehicle taxes will increase stepwise based on CO2 emissions every two years (2026, 2028, 2030).

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Key Quotes

Ekkanit Nitithanprapas

"The fourth quarter of 2025 may expand by up to 2.5%."

ไตรมาส 4 ของปี 2025 อาจขยายตัวได้ถึง 2.5%

Key Entities

Organization

Revenue Department(กรมสรรพสามิต)ℹ️

The Thai government agency responsible for collecting excise taxes and supervising tax collection, which has exceeded its revenue target.

Person

Pornchai Thirasvej(นายพรชัย ฐีระเวช)

The Director-General of the Revenue Department, who reported on the department's revenue collection performance.

Ekkanit Nitithanprapas(นายเอกนิติ นิติทัณฑ์ประภาศ)

The Deputy Prime Minister and Minister of Finance, who provided an economic growth forecast.

Law

EV 3.5

A specific government support scheme for electric vehicles that influences tax rates.