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Cabinet Approves Relief Measures in Phase 2 to Help People Affected by COVID-19

25 March 2020 (Readers 633)

The Cabinet, during its meeting on 24 March 2020, approved a package of measures in Phase 2, to help people affected by impacts from the coronavirus disease 2019 (COVID-19).

In the relief measures, proposed by the Ministry of Finance, a cash handout of 5,000 baht a month will be given for three months, from April to June 2020, to workers outside the social security system, or insured persons without employers.

The cash handouts, worth 45 billion baht, will cover three million workers. Registration for joining this program will be opened soon at the Government Savings Bank, the Krungthai Bank, and the Bank for Agriculture and Agricultural Cooperatives.

In another program, emergency loans of 40 billion baht will be offered to the people. Each person is allowed to seek a 10,000-baht loan from the program at a monthly low interest rate of 0.1 percent, with no collateral. The repayment period is two years and six months, with a grace period of six months.

Personal income tax filing will be extended to 31 August 2020. Corporate income tax filing will also be extended. Health insurance premium deduction will be increased from 15,000 baht to 25,000 baht. Tax exemption on risk payments will be provided for medical personnel and related workers.

Meanwhile, the Department of Internal Trade reaffirmed that the COVID-19 situation has not affected the production of consumer goods in Thailand. There are sufficient consumer products to cope with the demand of the people. Therefore, people should not stockpile or panic buy. Many traders are offering delivery services for people who may find it inconvenient to go out during this time.

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