Revenue Dept to reassess Shinawatra’s capital gains tax

The Revenue Department will reassess the capital gains tax to be demanded from the Shinawatra family and to notify former prime minister Thaksin Shinawatra of the reassessed tax figures within March 31 when statute of limitations of the tax case is due to expire, Deputy Prime Minister Wisanu Krea-ngarm said Wednesday.

Revenue department chief Prasong Poonthanet was summoned to meet Mr Wisanu to discuss the tax case and to report to the latter the department's handling of the case.

The deputy prime minister, however, said once the revenue department formally notified the Shinawatra family or Thaksin about the tax reassessment, the case would enter the normal civil proceedings and Thaksin has the right to appeal against the tax reassessment within 30 days of receiving the notification.

He maintained that the government would proceed with the case through normal proceedings.

Asked whether he is confident that the government can claim tax payment from the Shinatra family, Mr Wisanu said he didn't want to use the word confidence, but maintained that the government would pursue the case through normal legal channel no matter whether the tax will be collected or not.

The deputy prime minister noted that the capital gais tax was not related to the 46 billion baht worth of assets ordered seized from Thaksin by the Supreme Court's criminal division for political office holders.

The matter regarding capital gains tax should be settled in the court of law, he stressed.

Source: Thai Public Broadcasting Service (Thai PBS)