Thai cabinet approves tax incentives for foreigners with LTR visa

14 Sept 17:02 Key points summarised by AI

Thailand's cabinet approved new tax incentives, including personal income tax exemptions, for foreigners holding Long-Term Resident (LTR) visas.
The initiative seeks to attract high-income earners, wealthy investors, and skilled professionals to bolster the domestic economy and advance technological development.
LTR visas are available across four categories: wealthy global citizens, foreign pensioners, remote workers, and highly skilled professionals, each with specific investment and income criteria.
Foreigners with special skills working in government-targeted industries will benefit from a reduced 17% flat personal income tax rate.
This scheme is projected to draw up to one million foreigners, significantly boosting long-term residency and economic contributions in Thailand.

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.