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Thailand to offer tax incentives to boost consumption

Christian Fernsby |
Thailand will offer tax incentives to spenders to boost domestic consumption and revive an economy stumbling from the impact of the coronavirus pandemic, government officials said.

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Topics: THAILAND   

The government will give a tax deduction of up to 30,000 baht ($960) on purchases of goods and services from October to December, Danucha Pichayanan, spokesman for the government’s special economic task force.

The measure, approved by the task force, is expected to cost the government 11 billion baht in lost revenue but should add 120 billion baht in the economy, said Deputy Prime Minister Supattanapong Punmeechaow.

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