2026 tax revenue of B2.5 trillion beats target
The Revenue Department collected 2.52 trillion baht in tax revenue in the 2026 fiscal year that ended on Sept 30, exceeding its target by 7.5 billion baht, according to acting director-general Salakjit Phongsirichan.
In the fiscal year that concluded on September 30, 2026, the Thai government collected a total of 2.52 trillion baht in tax revenue, surpassing its target by 7.5 billion baht, according to Salakjit Phongsirichan, acting director-general of the Revenue Department. This increase amounted to 8% from the previous fiscal year, or 186 billion baht.
The rise in revenue was largely due to higher value-added tax (VAT) receipts, with domestic VAT collections up 15%, primarily driven by the retail and wholesale, electricity, and oil refining sectors. The government's economic support measures also contributed to the increase. VAT on imports rose by 13.1%, thanks to higher import values.
Corporate income tax payments, based on companies' estimated half-year profits, increased by 13.2%, especially in industries like oil refining, electricity, and insurance. Additionally, personal income tax collections grew by 18%, partly due to the use of data analytics to identify potential high-income earners. Salakjit Phongsirichan stated that the stronger revenue performance would aid the government in maintaining its fiscal position and promoting economic growth.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
