BANGKOK, The government has launched tax measures to support its policy on the National Savings Fund which ensures a basic income for the fund members when they retire.
The fund members will be entitled to personal income tax rebates. Other tax measures include personal income tax exemption if they are disabled before they turn 60 years and exemption of duties levied on some businesses as well as exemption of stamp duties when making a contract with government agencies.
Those who are older than 15 years old can apply to be member of the National Savings Fund at state-run banks, including the Government Savings Bank, Krungthai Bank and Bank for Agriculture and Agricultural Cooperatives. The government will make contributions to the fund which will pay monthly pensions for its members for the rest of their life.
