December 27, 2024 – 18:24
Ministry of Finance Giving New Year’s gifts in 2025 to the people to relieve their burden of expenses
Create happiness and help stimulate the economy Mr. Pornchai Teerawet, Director of the Fiscal Policy Office As a spokesman for the Ministry of Finance, Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, Mr. Chulaphan Amornvivat, Deputy Minister of Finance and Mr. Paophum Rojanasakul, Deputy Minister of Finance I would like to present the Ministry of Finance’s New Year’s gift for 2025 in order to spread happiness to all groups of people thoroughly as follows: • Easy E-Receipt 2.0 Individual income tax payers
Expenses for purchasing goods and services from January 16, 2025 to February 28, 2025 can be used up to a maximum of 50,000 baht by using the full e-Tax Invoice and e-Receipt to deduct tax for the 2025 tax year. – Tax deduction not exceeding 30,000 baht for general goods and services (except liquor, tobacco, oil, gas, cars and motorcycles Utilities costs Insurance premium Tour guide fee/accommodation fee) – Additional tax deduction of no more than 20,000 baht for purchases of OTOP products, products or services of community enterprises.
and products or services of social enterprises • Project “You fight, we help. Measure 1: “Direct Payment Kongsap” helps with debt restructuring for home, car and small SME loan borrowers with not very high credit lines. A form of reducing installments and suspending the interest burden for a period of 3 years. The installment payments will be used to deduct the entire principal payment. while the interest is suspended for a period of 3 years.
will be exempted If the debtor is able to comply with the conditions throughout the duration of the measure (Pay on time and do not enter into additional credit contracts during the first 12 months of entering the project). This will help relieve the debt burden, giving the debtor additional liquidity for living and helping reduce the debtor’s overall debt burden. Measure 2
“Pay, Close, Finish” helps reduce the debt burden for individual debtors who are in bad debt (NPL status) but whose outstanding debt does not exceed 5,000 baht. The debtor must come to negotiate debt restructuring with creditors. to pay off some debt This will cause small debtors who have bad debts and low debt balances to You can change your debt status from “bad debt” to “close your debt” and start over faster. Measure 3: Assisting the Vulnerable Group of SFIs Helps reduce the debt burden of vulnerable group debtors of 4 Specialized Financial Institutions (SFIs).
Including the Bank for Agriculture and Agricultural Cooperatives, Government Savings Bank, Government Housing Bank. and the Islamic Bank of Thailand through interest reduction Providing new loans with low interest rates and reward debtors with a good payment history Including suspension of principal payments and no interest charges for debtors affected by natural disasters. Measure 4: Helping debtors of Non-Bank operators helps reduce debt burdens for vulnerable debtors of Non-Bank operators, which is a vulnerable group whose debt is mostly personal loans with high interest rates.
It will help reduce the debt repayment burden. Through reducing the burden through 3 years of payments to 70% and reducing interest by 10% (for example, from paying interest of 25% per year, it will be reduced to 15% per year) throughout the 3 year period and receive a lenient debt restructuring. However, if the debtor Have NPL status and have an outstanding balance of not more than 5,000 baht. Can change the status to close the debt. • Relieve expenses for the elderly. Through the project to stimulate the economy through the elderly Elderly people aged 60 years and over who have registered through government applications according to the Cabinet resolution on April 23, 2024, totaling 4 million people.
Those with an income not exceeding 840,000 baht per year and a deposit not exceeding 500,000 baht will receive a sum of 10,000 baht through a PromptPay account linked to their national ID card number. To help relieve the burden of expenses and increase career opportunities. • Reduction of service tax to assist entrepreneurs and support employment. In 2025, service establishments across the country will receive a reduction in the excise tax rate from 10% to 5% of revenue to help promote liquidity for entrepreneurs. and stimulate tourism and employment in the area
In addition, all specialized financial institutions under the Ministry of Finance also participated in giving New Year’s gifts to the people, such as – Government Savings Bank gives 1,000 baht each to good, disciplined debtors with a credit limit not exceeding 200,000 baht and with a good debt repayment history for at least 3 consecutive years and with normal account status. – Bank for Agriculture and Agricultural Cooperatives Provide loan projects on your behalf For heirs of farmers who continue their careers after the family will receive special interest and waive fees Including reducing accrued penalties – Government Housing Bank Give encouragement to customers with a loan amount of no more than 2 million baht who have a good payment history of at least 4 years and have normal account status. You will receive a refund of 1,000 baht each. – Export-Import Bank of Thailand
Offers a special interest rate of 3.5% per year for the first 2 years for entrepreneurs who want to expand their production capacity. Extend and purchase machinery, install a solar system, or upgrade ESG work with a maximum loan amount of 40 million baht, a maximum loan period of 10 years. – Small and Medium Enterprise Development Bank of Thailand Discount on project analysis fee of 5,000 baht per million when applying for a loan of 1 million baht or more. Between 2 January – 28 February 2025 and receive approval by 31 March 2025 – Islamic Bank of Thailand
Delivering a special profit margin of 1.63 per year in the first half of the year For home loan refinancing “iBank accepts the end” by providing installments for a maximum period of 35 years for redeeming housing or multi-purpose loans within 31 January 2025. – Small Industry Credit Guarantee Corporation Give a free gift of guarantee processing fees to customers who participate in the PGS 11 loan guarantee project between 1 – 31 January 2025 and extend the “Debt Reduce, Pay Off Fast, Get Out of Debt” project to the end of 2025 with more lenient conditions, such as for vulnerable groups. with a principal amount not exceeding 2 hundred thousand baht
You will receive an interest rate of 0%, a maximum installment period of 80 months, a minimum installment of 500 baht, and a 30% reduction in principal when you pay in 6 consecutive installments. Ministry of Finance spokesman Added that Operations of the Ministry of Finance and specialized financial institutions under the Ministry of Finance In addition to helping relieve the burden of expenses and creating happiness for the people. It will also help stimulate the economy in the upcoming new year 2025.
Source: www.innnews.co.th
