Cabinet Allows Tax Break on Software-related Expenses

Cabinet Allows Tax Break on Software-related Expenses BANGKOK (NNT) – The Cabinet has approved a measure to allow small-and-medium-sized enterprises (SMEs) to use their software or computer program-related expenses as a deductible against corporate income tax due, at the rate of two times the expense in some cases. Revenue Department Director-General Dr Ekniti Nitithanprapas said…

Commerce Ministry Plans Online Trade Fairs to Boost Exports

Commerce Ministry Plans Online Trade Fairs to Boost Exports

Commerce Ministry Plans Online Trade Fairs to Boost Exports BANGKOK (NNT) – The International Trade Promotion Department plans to host more virtual trade fairs and online business activities, to boost the country’s exports in the second half of the year amid COVID-19 outbreaks. Department Director-General Somdet Susomboon said the agency is preparing a schedule of…

Thai Airways files for bankruptcy protection

Thai Airways’ creditors to vote on rehab plan today

Thai Airways’ creditors to vote on rehab plan today Today is D-Day for Thai Airways, with 13,000 creditors voting on whether or not to accept the struggling airline’s rehabilitation plan. According to a Bangkok Post report, a source at the airline has warned that should creditors reject the plan, the carrier will be declared bankrupt…

Air travel is estimated to drop by 38% in 2021

Air travel is estimated to drop by 38% in 2021 BANGKOK (NNT) – Aeronautical Radio of Thailand (Aerothai) has lowered its estimates of total domestic and international air travel in 2021 to 323,093 flights, a 38% reduction from its 518,790 flights estimate at the start of the year. Aerothai vice-president Thinnakorn Chuwong said the rising…

Exim Bank beefs up new target

Exim Bank beefs up new target The Export-Import Bank of Thailand (Exim Thailand) has upgraded its target for new loans this year to 145 billion baht from 138 billion, even with the economy suffering from the pandemic. President Rak Vorrakitpokatorn said he is confident the bank can achieve the new target. Exim Thailand plans to…