FTI proposes corporate tax exemption for businesses affected by flooding

13 Sept 21:50 Key points summarised by AI

The Federation of Thai Industries (FTI) proposes corporate tax exemptions, extended tax return periods, and import tariff waivers on machinery for businesses severely impacted by recent flooding.
Industrial confidence has dropped due to weakened demand, particularly for durable goods like automobiles, and extensive damage from flooding in northern and central provinces.
Businesses also face challenges from high freight charges, a rapidly appreciating baht making exports less competitive, and concerns over a proposed increase in the minimum wage.
FTI suggests the government adhere to provincial wage committee decisions for minimum wages and strictly enforce anti-dumping laws to protect local industries from cheap imports.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.