FINANCE
Low earners to get 50% tax cut under new system
- Published: 25 Dec 2012 at 00.00
- Newspaper section: Business
Low earners will see their income tax cut by 50% under the new structure, said Revenue Department director-general Satit Rungkasiri.
Top-rate payers will see a 20% reduction in tax.
Under the new system, workers now taxed at 30% will see their burden fall to a range of 25-30%, those taxed at 20% will fall to a range of 15-20% and those taxed at 10% will drop to 5%.
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