Bangkok,, The Ministry of Finance supports antique cars to support Thai soft power, except for income not exceeding 100,000 baht for tax calculation. The right can be used until 31 December 2026. Fine arts bring the rental fee, tax deducted from 30 percent to 60 percent permanently.Mr. Pornchai Teerawet, Director of the Fiscal Policy Office As a spokesman for the Ministry of Finance, it was revealed that the Cabinet meeting agreed in principle. Measures to promote works of art and antique cars (Classic Cars) in order to raise cultural capital and promote the country's visual arts industry. and increase income from spending at home and from abroad Hoping to promote the business sector of art and antique cars (Classic Cars) to create added value to the domestic economic system.Support the policy to promote Thailand as a tourist hub (Tourism Hub) with the goal of increasing revenue from tourism by promoting Thailand's soft power as a selling point for the country with the following 4 measures: 1. Tax measur es to support the purchase of jobs. art To promote the art trading market This has caused artists in Thailand to produce more art. Exempted from having to bring money Earn as much as you paid for the purchase of famous works of art. Let's calculate personal income tax based on the amount actually paid, but not more than 100,000 baht in the tax year. Rights can be used until 31 December 2026.Tax measures to support artists who create art To provide incentives for artists to create art. and promote the art of Thai artists To relieve the tax burden for artists in Thailand It is proposed that those with income should be assessed according to Section 40 (6) which is income from an independent profession of fine arts. Expenses that can be deducted as a lump sum have been increased from 30 percent to 60 percent permanently, without specifying the type of artist.For measures to reduce or exempt import duties on works of art. To relieve the burden of costs in producing art. and reduce the cost of importing artwork s for national and international art exhibitions in Thailand. Therefore, it is proposed to reduce or exempt the duty rate for works of art. Including materials and equipment related to art. In addition, there are tax measures to promote antique cars (Classic Cars) through organizing activities for antique cars, such as antique car contests. Exhibition of antique cars organizing a caravan of antique cars, etc.Hoping to stimulate spending by foreign tourists and Thais at all levels. and also promotes the manufacturing or restoration industry (Restoration) Antique cars in the country To promote SMEs Exemption from import duties on antique car products, only for passenger cars. (not including motorcycles and other vehicles) The Cabinet therefore assigned the relevant agencies Ministry of Finance Ministry of Culture Ministry of Commerce The Ministry of Natural Resources, Transport and Royal Thai Police study every dimension of the economy in detail. To present to the Cabinet again.Source: Thai News Agency