So far, the Thai government has approved inter alia the following aid measures for companies in distress due to the Corona crisis:
– financial assistance by way of low-interest soft loans and deferring of payment obligations;
– Tax benefits such as reduction of the withholding tax to be deducted on transactions between companies from 3% to 1.5% from April to September 2020, triple tax deduction of salaries when filing corporate income tax for small and midium-size enterprises in order to increase liquidity;
– Reduction and deferring of payment claims from electricity and water suppliers and other state-owned enterprises and authorities, reduction of social security contributions for employers and employees during three months. Furthermore, industry-specific aid measures are currently being discussed.