Thailand Business News
Thailand Business News

Thailand to implement measures to mitigate effects of coronavirus

Must read

BUSINESS IN BRIEF 24/8

Factory processing fruit for export launched in Ben TreThe Thuan Phong Agricultural Product Processing Co., Ltd inaugurated parts of a factory processing frozen fruit...

MRT to start passenger Test Runs late July on Blue Line extension

BANGKOK, 07 July 2019 (NNT) – The Mass Rapid Transit Authority is set to open the MRT Blue Line Thaphra extension for passenger test...

APRIL International Care revamps MyHEALTH Hong Kong

APRIL International Care has announced significant improvements to its onshore MyHEALTH Hong Kong private international health insurance policy range


BANGKOK (NNT) – The Cabinet has approved the Ministry of Finance’s proposal to introduce monetary and tax-related assistance policies to mitigate the side effects of the 2019 novel coronavirus outbreak in China, that has caused a tremor in global public health and the world economy.

Spokesperson of the Ministry of Finance, Lavaron Sangsnit said today that the measures include extending the deadline for the paying of taxes from March to June, doubling the tax reduction on expenses incurred in organizing a seminar in Thailand this year, and reducing the rate of excise tax on jet fuel.

He said the policy also offers an extension of the debt payment period of state banks such as the Government Savings Bank, SME Development Bank, Bank for Agriculture and Agricultural Cooperatives, and Government Housing Bank.



The Ministry expects these measures will stimulate the Thai tourism economy amid the coronavirus outbreak, by increasing liquidity and easing the financial burden of entrepreneurs and members of the public, while also providing assistance to the tourism and aviation industries.

The post Thailand to implement measures to mitigate effects of coronavirus appeared first on Thailand Business News.

Read the complete story on Thailand Business News

More articles

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest article

High dust levels in most regions, except South

BANGKOK(NNT) - Levels of particulate matter of 2.5 microns or less (PM2.5) measured...

Thailand declares COVID-19 a dangerous contagious disease: what it means to tourists?

Bangkok, 25 February, 2020 – The Tourism Authority of Thailand (TAT) would like to provide clarification regarding the latest move by the National Communicable...

Govt denies data about COVID-19 concealed, calls on people to not believe fake news

BANGKOK (NNT) - News about factory workers in Pathum Thani and a department...

The Second ASEAN Conference on Crime Prevention and Criminal Justice: Promoting the ASEAN Culture of Prevention for a Collaborative and Innovative Justice for All

The organisation of the Second ASEAN Conference on Crime Prevention and Criminal Justice (2nd ACCPCJ) with the theme of “Promoting the...

Thailand’s illegal gambling market

Almost every form of gambling is illegal in Thailand and has been since 1935. But while the neon flashing world of online gambling was...