Corporate tax refunds dent fiscal 2026 revenue collection

The 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.

- WICHIT CHANTANUSORNSIRI

According to the Finance Ministry, the government's gross revenue collection for October and November totalled 479 billion baht, exceeding the target by 12.2 billion baht or 2.6%, while the year-on-year tally was up 5.4%.

The uptick was attributed to carryover remittances from certain state-owned enterprises from the previous year, along with stronger revenue collection by the Revenue Department and Excise Department.

The state-owned enterprises remitted 58.8 billion baht during the first two months of the fiscal year, 9.6% above target.