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Bangkok Post
Bangkok Post
Business

Call for tax cut to help flood-hit businesses

People walk on a wooden bridge to escape the evening flood from the swollen Chao Phraya River at River City Bangkok on Oct 24, 2022. (Photo: Wichan Charoenkiatpakul)

Company executives want the government to help flood-hit entrepreneurs with a corporate income tax reduction, according to a Federation of Thai Industries (FTI) survey of its members.

Most of the 176 executives surveyed in the latest FTI poll, some 67.6%, want authorities to allow affected business operators to reduce their tax burden by offsetting the money they spent to repair flood-damaged assets, said Montri Mahaplerkpong, vice-chairman of the federation.

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