3 Nov 2017
THAILAND: Extended Tax Break Expected In Bid to Boost Festive Sales
In a bid to give an extra boost to consumer spending over the holiday period, the Thai government is planning to extend the duration of its annual tax deduction scheme, an end of year initiative that applies to the purchases of goods and services across the country. Although formal details of the 2017 scheme have yet to be announced, it is expected to exceed the terms of the 2016 initiative, which saw a maximum tax deduction of Thai baht 15,000 (US$420) allowed against purchases of most goods and services in the period 14-31 December.
For further details, see THAILAND: End of Year Purchases Qualify for Income Tax Deductions in Bid to Boost Consumer Spending.