Tax break for flood-hit house, vehicle repairs

Tax break for flood-hit house, vehicle repairs

Highway police deliver food, drinking water and necessities to flood-affected residents living along Trang river in Muang Trang district, Trang province on Friday. (Photo by Methee Muangkaew).
Highway police deliver food, drinking water and necessities to flood-affected residents living along Trang river in Muang Trang district, Trang province on Friday. (Photo by Methee Muangkaew).

The cabinet on Tuesday approved a personal income tax break of up to B100,000 for post-flood repair expenses -- up to 100,000 baht for properties and 30,000 baht for vehicles.

The exemption, to be issued as a finance ministerial regulation, is applied to expenses incurred between Dec 1, 2016 and May 31, 2017 only.

Kobsak Phutrakul, vice minister to the Prime Minister's Office, said the Finance Ministry had estimated the cost of the flooding in the South at around 15 billion baht.

Most of the flood-ravaged areas were agricultural land, he said, and the deluge did not affect the country’s large industrial estates like the great floods of 2011.   

Flash floods and storms have hit 12 southern provinces, affecting 1.6 million people and causing damage to 20 government installations, 1,172 roads and 191 bridges. The death toll as of Sunday was 41.


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