BANGKOK (Bloomberg): Thailand will extend tax incentives to millions of its middle and upper income groups to fire up consumption and counter the nation's worst economic slump triggered by the coronavirus pandemic.
The concession will allow about 3.7 million taxpayers to deduct 30,000 baht (US$960) each from their total taxable income and will cost the government 11 billion baht, Deputy Prime Minister Supattanapong Punmeechaow told reporters in Bangkok on Wednesday (Oct 7).
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