The Insurance Commission has asked the Finance Ministry to increase tax deductions for three insurance categories to boost the industry’s growth. Regulators recently completed a review of tax incentives offered against premium payments for different types of insurance, said Chantra Purnariksha,the secretary-general of the Office of the Insurance Commission (OIC). The commission will propose that individual tax deductions for life insurance premiums be doubled to up to Bt200,000 per year to encourage long-term saving, she said. OIC seeks new tax breaks (Bangkok Post)
Leave a reply
Choking on the Smog: The Devastating Effects of Air Pollution in Thailand
December - April is on of the best times to travel to Thailand. Very sadly, what is known as the...
The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
