New tax deductions proposed to help SMEs cope with min wage hike

Deputy Prime Minister Dr. Somkid Jatusripitak said it is important to raise the daily minimum wage, since the cost of living has also risen. He also cited the need for workers to improve their skills, in order to cope with the ever-changing technology. The new daily wage increase, between 5 and 22 baht, varies from province to province, according to the tripartite national wage committee. However, the wage increase is still subject to Cabinet approval.