ECONOMY100bn baht help for low-inco

ECONOMY

100bn baht help for low-income earners & farmers

Providing assistance to low-income earners will be done mostly through a negative income tax — a system in which people earning below a certain amount will receive money from the government (a subsidy) instead of paying tax. The program will run in fiscal 2015 starting this Oct 1 and will cost an estimated 100 billion baht a year. An inheritance tax would also be levied ahead of a land and building tax. Currently, heirs are subject to a mere 10% tax of assets worth more than 50 million baht.

ECONOMY 100bn baht Help for Low-income earners & Farmers. Providing Assistance to Low-income earners Will be done mostly Through a negative income Tax - a System in which People earning Below a Certain amount Will receive Money from The Government (a Subsidy) instead of. paying tax. The program will run in fiscal 2015 starting this Oct 1 and will cost an estimated 100 billion baht a year. An inheritance tax would also be levied ahead of a land and building tax. Currently, heirs are subject to a mere 10% tax of assets worth more than 50 million baht.

ECONOMY

100bn baht help for low-income earners & farmers

Providing assistance to low-income earners will be done mostly. Through a negative income tax - a system in which people earning below a certain amount will receive money from the government. (a subsidy) instead of paying tax. The program will run in fiscal 2015 starting this Oct 1 and will cost an estimated 100 billion. Baht a year.An inheritance tax would also be levied ahead of a land and building tax. Currently heirs are, subject to a mere 10% tax. Of assets worth more than 50 million baht.
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