Minimum wage hikes approved

Minimum wage hikes approved

A worker installs internet cables at Suthisan intersection in Bangkok on Jan 18 this year. (Photo by Patipat Janthong)

The cabinet has given the green light to the daily minimum wage increases varied by province in a range between five and 22 baht as proposed by the National Wage Committee, effective on April 1.

Three relief measures for employers proposed by the Finance Ministry were also approved on Tuesday.

Small operators will get a tax deduction at the rate of 115% of minimum wages paid to employees from April 1 to Dec 31 this year. Eligible operators are those with revenue not more than 100 million baht and fewer than 200 employees.

This measure is projected to cost 5.4 billion baht in lost tax revenue.

Another measure involves spending 5 billion baht to organise training for 250000 operators of select 50,000 small and medium-sized enterprises to help them cut costs.

The other aid is a 50% corporate income tax deduction for three years for operators which revamp their machinery and adopted digital and internet-based services to help manage businesses.