APART from offering tax-break for first-time home buyers, Thai Finance
Minister has said that the New Government is undertaking a review of the
country's tax codes.
The
Minister has also confirmed that, to compensate for the increased minimum wage,
the current 30% corporate income tax rate will initially be cut to 23% in 2012,
and to 20% in 2013. He indicated that the government was also considering
changes to personal income tax deductions, together with individual tax
compliance.
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