Another tax package for Cabinet approval
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Finance Minister Thirachai Phuvanatnaranubala said today a new tax package for flood victims both firms and individuals would be submitted for the Cabinet's approval within one or two weeks.
In the package, the Finance Ministry will offer tax allowance for machine depreciation up to 125 per cent of machine value, from normal rate of 100 per cent. Eligible firms are those buying new machinery to replace the one damaged by floods.
The Nation
