THURSDAY, March 28, 2024
nationthailand

Government offers personal income tax relief in last quarter to boost spending

Government offers personal income tax relief in last quarter to boost spending

The Cabinet on Monday gave the green light to a new stimulus package granting personal income tax deduction of up to Bt30,000 per person to help boost people's spending on goods and services, Prime Minister Prayut Chan-o-cha said.

The measure will run from October 23 until December 31 and apply for the 2020 tax year. Around 4 million people are expected to be eligible for this scheme.
The govenment has continued to launch stimulus packages to revive the economy suffering from the Covid-19 outbreak.
Deputy Prime Minister Supattanapong Punmeechaow said that the measures launched in the fourth quarter were estimated to spark a cash flow of Bt200 billion into the economic system.

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