Tax hikes may be unavoidable in post-COVID economy

13 Sept 21:28 Key points summarised by AI

Thailand faces a severe fiscal deficit and rising public debt due to COVID-19's impact on revenue and expenditure, necessitating tax restructuring.
While a VAT hike is a primary consideration for boosting revenue, the Finance Minister currently opposes it, recalling past negative impacts during crises.
The government aims to broaden the tax base by encouraging more individuals and corporations to pay taxes, addressing issues like tax avoidance and disproportionate burdens.
Alternative revenue streams like e-services tax and adjusting excise duties are being explored, alongside a debate on the effectiveness and fairness of tax privileges for foreign investors.

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

Today 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.