BANGKOK, Thailand – Thailand’s Revenue Department collected 2.522 trillion baht in the 2026 fiscal year, exceeding its budget target by 75.012 billion baht, or 3.1%, and rising 8% from the previous year. Salakjit Phongsirichan, the department’s acting director-general, said the total revenue collected reached 2,522,112 million baht, an increase of 186.628 billion baht from fiscal 2025.
Value-added tax (VAT) was a major contributor to the increase. VAT collected on domestic consumption rose 15% year on year, supported by revenue from retail and wholesale businesses, electricity companies and oil refineries. The department attributed part of the increase to government measures supporting domestic economic activity, including the Thai Chuay Thai Plus 60/40 program, as well as continuously rising oil prices.
VAT collected on imports also increased, rising 13.1% from the previous year as import values grew.
Taxes on corporate and personal income also recorded gains. Corporate income tax payments based on companies’ estimated half-year profits for the 2026 accounting period increased 13.2%, with oil refineries, electricity businesses and insurance companies among the key contributors.
Personal income tax collections rose 18% year on year. The department attributed the increase to the use of data analytics to monitor and assess individuals with significant business activities and income-generating potential. The Revenue Department said collections above the Finance Ministry’s target would help support public finances and the government’s efforts to drive Thailand’s economy.
