The Thai cabinet has approved an increase in the tax incentive scheme for the domestic tourism sector. As reported by Dow Jones Chinese Financial Wire, the incentive scheme would allow individuals to deduct upto THB 15,000 (USD 463) from their taxable income for expenditure on accommodation bills paid to local hotels. The scheme is an extension of the THB 15,000 tax deduction allowance for individuals buying domestic package tours from local operators. |
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Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more