BANGKOK (Reuters) – Thailand’s cabinet approved a personal income tax cap of 17% for Thais working overseas who return home to work, a deputy finance minister said on Tuesday, in a bid to draw back local talent.
The ceiling will last for five years after it is launched, Paopoom Rojanasakul said, and will also include a tax deduction for their employers.
(Reporting by Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Christopher Cushing)
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