Government offers personal income tax relief in last quarter to boost spending #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Government offers personal income tax relief in last quarter to boost spending

EconOct 12. 2020Prime Minister Prayut Chan-o-cha, second right, seen during the announcement of Monday's Cabinet decisions.Prime Minister Prayut Chan-o-cha, second right, seen during the announcement of Monday’s Cabinet decisions. 

By The Nation

The Cabinet on Monday gave the green light to a new stimulus package granting personal income tax deduction of up to Bt30,000 per person to help boost people’s spending on goods and services, Prime Minister Prayut Chan-o-cha said.

The measure will run from October 23 until December 31 and apply for the 2020 tax year. Around 4 million people are expected to be eligible for this scheme.

The govenment has continued to launch stimulus packages to revive the economy suffering from the Covid-19 outbreak.

Deputy Prime Minister Supattanapong Punmeechaow said that the measures launched in the fourth quarter were estimated to spark a cash flow of Bt200 billion into the economic system.

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