Tax exemption for victims of political violence
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Cabinet met in Kanchanaburi yesterday and approved a Finance Ministry proposal for an incometax exemption for people and legal entities adversely affected by political violence between 2005 to 2010, deputy government spokesman Anusorn Iamsaard said yester
Ministerial directives would also be issued to provide compensation and grants to those affected by political turmoil, including those in the restive south who have been hard hit by insurgency.
ICT Minister Anudit Nakornthap said the Cabinet has approved a budget of Bt400 million from central funds for the ministry to use in the management of computer tablets for students. The money would be spent on a plan to develop controls and monitoring systems, and content development.
The ministry has been assigned to provide the tablets, systems to manage the provision of curricula for them and install WiFi.
Meanwhile, Justice Minister Pracha Promnok said the Cabinet had approved amendments to the Money Laundering Act and Terrorism Act proposed by the ministry. The PM would endorse the bills and have them published in Royal Gazette.
The government would also restructure the Office AntiMoney Laundering Commission and increase its workforce to improve its efficiency in carrying out work.
The move came after the Financial Action Task Force FATV added Thailand to a “highrisk” blacklist for its lack of controls to counter money laundering and the financing of terrorism.
The Financial Action Task Force (FATF) was set up by the G7 in 1989 to combat money laundering and the funding of terrorism.
The minister said his ministry would notify the FATF that the legal amendments had been made and the FATF would meet in February next year to decide on removing Thailand from its list.
The main change is to bring the two laws in line with international practice. People found guilty of money laundering would face up to 10 years’ jail and fines of up to Bt400,000, while legal entities would face fines of up to Bt5 million.
