Thailand approves 30K baht tax deduction to stimulate domestic spending
The campaign offers taxpayers income tax deductions of up to 30,000 baht when purchasing products and services with a value-added tax (VAT) component, but excludes alcoholic beverages, tobacco, lottery tickets, fuel, accommodation and air tickets.
The latest data on Thailand’s consumer confidence shows that Thais are beginning to look more positively on the future, as the government moves to boost growth and restore the country’s infrastructure after last year’s devastating flooding.
Thailand confidence record high in the fourth quarter of 2009
Thailand investor confidence soars to a record high in the fourth quarter of 2009 with the biggest quarter-on-quarter increase among Pan-Asian Countries, according to the ING Investor Dashboard Survey.
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