Tax Reforms To Remain Business-Friendly

December 2011
Asia Monitor: South East Asia Monitor Volume 1;Dec2011, Vol. 22 Issue 12, p1
Country Report
The article provides information on tax reforms which are about to take place in Thailand. As stated, Thai government wants some changes in the rules which includes, decreasing the corporate tax rate and increase in income tax for wealthy people by reducing deductions allowed on taxable income. Increase in consumption taxes in the field of real estate and luxury cars is also reported. It is also discussed that government is aiming for a stable economy for the country in the coming years. INSET: RISK SUMMARY.


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