TAXATION SYSTEM: A COMPARISON BETWEEN THAILAND AND THE PHILIPPINES

  • Rattana Pinthong Department of Accounting, Faculty of Business Administration, Kasetsart University
  • Paiboon Pajongwong Department of Accounting, Faculty of Business Administration, Kasetsart University
  • Thamrongsak Svetalekth Department of Accounting, Faculty of Business Administration, Kasetsart University
Keywords: Taxation System, Tax Baskets, Tax Rate, Comparison, Advantage

Abstract

The purpose of this research to study of taxation system, taxpayers, taxation agencies, tax rates, penalties, term and conditions of tax privileges and comparative analysis of taxation systems between Thailand and Philippines. The findings of tax system comparison were the difference of tax collection organization between Thailand and Philippines, however, both countries have the same tax system that are tax baskets, tax regulations, tax benefits. From these findings can be concluded that taxpayers or entity in Thailand has more advantage than Philippines’s in tax allowance regulations, personal tax income allowance favoured to taxpayers for lower tax rate. Moreover, the tax rate in Thailand is lower than in Philippines resulting to proprietors or investors could bring these proceeds to expand their business or investment, finally, it will generate economic growth.

Downloads

Download data is not yet available.

References

Khuanchai Techsensakula (2015) “The Philippines economics New wave of Asia” Prachachatbusiness (Online). http://www.prachachat.net/news_detail.php?newsid=1450612149, September 15, 2015.

Chonlatarn Wisarutwong (2008), A comparative study of excise tax in Thailand, Singapore, Philippines, Korea, Australia, and the European Community 1st edition Bangkok Charerndeemonkong Printing.

Auyporn Futrakool (2014), who conducted a comparative study of Automotive Industry Tax structure of Thailand with ASEAN. Report to Ministry of Foreign affairs, August 2016.

The Abrea, Raymond A. 2016. Got a Question About Taxes? Ark the Tax Whiz! Rappler 2016 Edition. Pasig City: Inkwell Publishing Co.,Inc.

Bureau of Interal Revenue. 2016. "Comparative Internal Revenue Collections and Goals by Tax Type". Annual Report 2015. 60.

Deloitte Touche Tohmatsu Limited. 2017. International Tax Philippines Highlights 2017. 1-2.

Republic of the Philippines, Bureau of Customs. 2015 Annual Report (Online). http://customs.gov.ph/boc-annual-report/, December 20, 2016.

Republic of the Philippines, Bureau of Internal Revenue. Tax Information (Online). http://www.bir.gov.ph/index.php/, December 10, 2016.

The World Bank Group. 2017. GDP growth (annual %) (Online). http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG, December 10, 2016.

Published
2018-10-31
How to Cite
Pinthong, R., Pajongwong, P., & Svetalekth, T. (2018). TAXATION SYSTEM: A COMPARISON BETWEEN THAILAND AND THE PHILIPPINES . International Journal of Engineering Technologies and Management Research, 5(10), 154-158. https://doi.org/10.29121/ijetmr.v5.i10.2018.310