Bloomberg News

Thailand to Waive Tax on Insurance Claims for Some Flood Damage

November 02, 2011

Nov. 2 (Bloomberg) -- Thailand’s government will waive taxes on insurance claims for machinery damaged by flooding, Finance Minister Thirachai Phuvanatnaranubala said.

Existing tax rates will apply to insurance claims for loss of revenue related to the floods, he told reporters today in Bangkok.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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