Thai revenue collection in first 8 months of fiscal 2010 up 26.1 pct

08:27, June 18, 2010      

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Thailand's revenue collection during the first eight months for fiscal year 2010 stood at 957.33 billion baht (29.528 billion U.S. dollars), Satit Rangkasiri, Fiscal Policy Office (FPO) Director, said on Thursday.

The figure was 26.1 percent year on year higher in light of improved consumption-base taxes and imported goods, the Thai News Agency (TNA) quoted Satit as saying.

Also, the revenue collection was largely bolstered after 49.016 billion baht (1.511 billion U.S. dollars) worth of seized assets of ousted former Thai prime minister Thaksin Shinawatra was transferred to the government, Satit explained.

On Feb. 26, the Supreme Court handed down a verdict ruling that the seized assets of Thaksin would be confiscated since they were gained through malpractice during Thaksin's premiership.

Thaksin was ousted by the military coup in September 2006 in accusation of corruption and kept in exile since then. Thaksin returned to Thailand in February 2008 to face corruption charges, but he later fled into exile again and was convicted in absentia.



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