Stimulus package to fuel spending
Many previous schemes revisited
The cabinet on Tuesday approved fresh stimulus packages dubbed New Year’s presents to stimulate spending during the festive season.
The packages include a tax deduction for individual taxpayers of up to 30,000 baht when purchasing goods or services, an extension of the existing co-payment subsidy scheme and a cut in property transfer and mortgage fees.
According to government spokesman Thanakorn Wangboonkongchana, the tax deduction incentive for individual taxpayers will be offered for purchases between Jan 1 and Feb 15, applicable for the 2022 tax year.
Mr Thanakorn said…