Authorities backtrack on move to tax interest from bank deposits

Authorities backtrack on move to tax interest from bank deposits

13 Sept 08:51 Key points summarised by AI

The Revenue Department has withdrawn its controversial demand for bank depositors to provide written consent for tax deduction on interest, exempting most account holders with less than four million baht in deposits.
However, depositors earning over 20,000 baht in annual interest from deposits exceeding four million baht will still be subject to a 15% tax, a measure primarily aimed at preventing tax avoidance by large account holders.

New home loan scheme aims to boost property sector with Bt125 billion

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.

Read full article

Economy 1/3

Skip > Skip >