Thailand: New Relief Measures for Companies

Thailand May 4, 2020

IMPORTANT - Note from Editor:
The following is a compilation of initiatives by German-Thai Chamber of Commerce (GTCC). All information below is directly retrieved from the GTCC website, with certain sections summarised by the Reapra team for brevity. To view the complete description of each measure, please refer to their respective links.

To ensure relevance for our readers, we are only providing measures relating to support for businesses. For the full listing of measures, please head over to the GTCC website.

Key source: GTCC website

As of 27 April, the GTCC has published their 5th update of support initiatives and relief measures provided by the government of Thailand in support of companies in Thailand.

The latest lineup of measures include:

Credit Program to Promote Employment (Ministry of Labour's Social Security Office)

In the form of refinance loans, not exceeding 50% of the loans granted by each bank. The credit limit to promote employment of 30,000 million Baht are allocated as follows:

  • Credit limit of 18,000 million Baht for organizations with no more than 50 employees and a loan limit of 5 million Baht per case.
  • Credit limit of 9,000 million Baht for organizations with 51-200 employees and a loan limit of 10 million Baht per case.
  • Credit limit of 3,000 million Baht for organizations with 200 employees and a loan limit of 15 million Baht per case.

Applications are now open till 31 December 2020, or until the project credit limit is exhausted.

More details are available at:

Exemption of Custom Duties on Imported Goods for Treatment, Diagnosis or Prevention of COVID-19.

10 April 2020 - Customs duties on imported goods for the purpose of treating, diagnosing or preventing Coronavirus Disease 2019 will be exempted, regardless of the tariff classification according to the list announced by the Ministry of Public Health.

  • The importer must comply with the regulations prescribed by the Director-General.
  • Effective from 26 March 26 2020 to 30 September 2020.

Source: Royal Thai Government Gazette

Relief Measures on Electricity Charges (Ministry of Energy)

  • Exemption of minimum electricity charge - users will be charged for the actual consumption in order to help reduce costs for electricity users in the following categories:
    - Category 3 (Medium Sized Businesses)
    - Category 4 (Large Sized Businesses)
    - Category 5 (Specific Business)
    - Category 6 (Non-Profit Organisation)
    - Category 7 (Pump water for agriculture)
  • ERC to consider a refund of electricity usage insurance for small and medium businesses.

Source: Ministry of Energy

To view the earlier updates released by the GTCC, head over to:

Cover image: Photo by Fred Moon on Unsplash


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