Fiscal 2013 revenue target in sight despite corporate cut, Kittiratt says
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The Finance Ministry does not expect to miss the fiscal 2013 target despite the planned cut in the corporate-income-tax rate to 20 per cent, thanks to economic rebound.
Finance Minister Kittiratt NaRanong said Monday that this fiscal year’s 3-percentage-point reduction would not have more of an impact than last fiscal year’s 7-point slash from 30 per cent to 23 per cent.
“In the first year of the cut, we expanded part of the tax base, so there’s no worry about that,” he said.
The Nation
