Cabinet Approves Decree Draft On Tax Waive For Education Supporters

[Jai Dee]

Cabinet approves decree draft on tax waive for education supporters

The Cabinet has endorsed a decree draft on tax waive for education supporters.

Police General Prachasan Chanasongkhram (ประชาสรรค์ ชนะสงคราม), the Assistant to the Spokesman of the Prime Minister's Office, says the Cabinet has agreed to not collect taxes from those education supporters in accordance with the initial proposal from the Finance Ministry. He says the draft will be brought up to the National Legislative Assembly (NLA) for further consideration.

The content of the draft states that the education supporters will receive benefits from waiving of revenue tax, value added tax, particular business tax and duty stamp. The education supporters include those who offer scholarships, fellowships and grants for research, development research and inventions or recruitment funds under the criteria and conditions of revenue department’s announcement.

Source: Thai National News Bureau Public Relations Department - 21 November 2007

[Ijustwannateach]

Wow! Just become an "education supporter" and you escape from all tax? Very convenient loophole! Think they'll have this policy for all the "athletic supporters" before long, too?

[mesohappy314]

Wow! Just become an "education supporter" and you escape from all tax? Very convenient loophole! Think they'll have this policy for all the "athletic supporters" before long, too?

My jock strap can get a tax break? Cool!