Tax breaks eyed for strife victims
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Companies and people affected by the country's political violence and the unrest in the deep South would be eligible for tax exemptions under a draft law approved by the Cabinet yesterday.
Government spokesman Teerat Ratanasevi said the Finance Ministry proposed the draft law to cushion the adverse impact of the conflicts on the victims.
“Those who have received remedial actions from the government will be eligible,” Teerat said.
He said the draft decree would be forwarded to the Council of State for further review.
If the decree sails through, it will take effect retroactively from January 1 last year.
According to the draft decree, eligible people and companies would fall into two groups. The first would comprise people who suffered from political unrest between January 1, 2005 and May 31, 2010. The second would comprise people affected by the ongoing unrest in the deep South.
