Revenue Department pressured to demand tax from Shinawatra family

The Revenue Department was told to come up with an answer whether it could demand capital gains tax from the Shinawatra family regarding the sale of the family’ stakes worth about 73 billion baht in Shin Corp to Singapore’s Temasek Holdings in 2006.

Finance Minister Apisak Tantiworawong said Monday that the Revenue Department had never reported to him whether the department could demand the capital gains tax, estimated at about 10 billion baht, from the Shinawatra family or not.

The Revenue Department has until March 31 to claim the capital gain tax from the Shinawatra family because the statute of limitations of the case will expire by then.

Revenue department chief Prasong Poonthanet has been keeping silent about the case and has refused to answer phone calls.