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WEB BBS MAR 18

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Every time your bill is over 500 baht you will be entered<br />

into a Special Draw to be held at the end of February<br />

when you could win some real diamonds in Amber.<br />

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: AmberPattaya<br />

GPS: 12.9098585,100.8801237<br />

High Tower Co., Ltd. Tel: 038 411 009<br />

info@AmberPattaya.com<br />

www.AmberPattaya.com<br />

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FIRMS TO RECEIVE DOUBLE<br />

WINDFALL AS MINIMUM WAGES RISE<br />

Companies with annual sales that<br />

do not exceed 100 million baht<br />

per year are expected to be able<br />

to benefit from a double windfall<br />

from the government as new reforms<br />

come into force to increase<br />

minimum wage levels.<br />

The windfalls cover small and medium-sized<br />

enterprises (SMEs) in<br />

17 provinces where average minimum<br />

wages are expected to rise<br />

by 5 baht per employee per day.<br />

The 17 provinces include Maha<br />

Sarakham, Sukhothai, Tak, Sri Sa<br />

Ket, Satun, Ratchaburi and Chaiyaphum.<br />

The total tax deduction<br />

amounts to 115 per cent of the<br />

amount of the increase paid to<br />

employees, allowing firms to cover<br />

the additional wages and still gain<br />

up to 4.3 baht per employee per<br />

day as an additional credit.<br />

Another 60 provinces will see<br />

minimum wages rise by more<br />

than 5 baht per day (from 6 to<br />

22 baht), and in these cases the<br />

windfall will not exist but the government<br />

will still shoulder some of<br />

the costs involved.<br />

As an example, in some provinces<br />

where minimum wages will rise by<br />

15 to 19 baht to 323 baht per day,<br />

employers will only have to shoulder<br />

5.5 baht of the rise with the<br />

rest covered by the government.<br />

In some others provinces where<br />

the minimum wage rise is around<br />

9.8 baht per day to 313.5 baht,<br />

employers will only have to bear<br />

0.4 baht of the cost. Provinces<br />

in this bracket include Ranong,<br />

Loei, Trang, Surin, Sa Kaeo, Kanchanaburi,<br />

Narathiwat and Udon<br />

Thani.<br />

In the top three provinces, Phuket,<br />

Rayong, and Chonburi, minimum<br />

wages will increase by 21.3 baht<br />

to 330 baht per day and companies<br />

can get back 9.9 baht meaning<br />

they will only have to cover<br />

11.4 baht of the increase.<br />

The government incentives will be<br />

in force from April 1st 20<strong>18</strong> until<br />

the end of the year.<br />

In total around 400,000 small and<br />

medium sized enterprises will<br />

benefit from the measures and on<br />

average employer’s costs will only<br />

rise by 1.2 per cent overall. The<br />

cost to the revenue department is<br />

expected to be around 5.4 billion<br />

baht.<br />

Other measures announced at the<br />

same time include a tax deduction<br />

for new investments in start up<br />

companies amounting to 100,000<br />

baht or more in ten target industries.<br />

The industries are robotics<br />

for industry, logistics and aviation,<br />

agriculture and biotechnology,<br />

food, next-generation cars, digital<br />

and medical services, affluent<br />

medical and wellness tourism,<br />

biofuels and biochemicals, and<br />

smart electronics.<br />

The Investments must be made<br />

for two consecutive years of 20<strong>18</strong><br />

and 2019 to be valid, and the<br />

startups must have a registered<br />

capital of 5 million baht or more.<br />

As well, their total income should<br />

be below 30 million baht per year.<br />

For all your advertising enquiries - Tel: 0846 77 43 60

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