Corporate tax refunds dent fiscal 2026 revenue collectionListen to this articleThe government's net revenue collection during the first two months of fiscal 2026 amounted to 385 billion baht, 7% below target, mainly due to accelerated refunds of corporate income tax. The uptick was attributed to carry-over remittances from certain state-owned enterprises from the previous year, along with stronger revenue collection by the Revenue Department and Excise Department. These quicker tax refunds led to higher overall refund deductions -- including those from the Revenue Department, Customs Department and VAT revenue allocations to local administrative organisations -- totalling 106 billion baht. The economy slowed in 2025, resulting in government revenue collection for fiscal 2025, which ended on Sept 30, falling short of its target. The Revenue Department collected 1.6% below target, the Excise Department fell short by 11.8% and the Customs Department by 2.5%.

Source: Bangkok Post December 29, 2025 00:07 UTC