Bangkok: The Ministry of Finance has unveiled a series of measures aimed at supporting citizens and businesses impacted by the ongoing situation along the Thailand-Cambodia border. These measures target local needs, tax relief, and assistance through government financial institutions.
According to Thai News Agency, Deputy Prime Minister and Minister of Finance Pichai Chunhavajira disclosed that the assistance is divided into two main categories: local measures and state financial institution measures. The local measures include an extension of the government reserve fund, set at 100 million baht per provincial governor, with the possibility of further expansion if necessary. This fund is designed to help provinces manage their needs efficiently, particularly in procuring supplies for security missions.
On the tax front, the Ministry has postponed the filing and payment deadlines for various taxes, including personal and corporate income taxes, from July 24 to August 31, 2025, to September 30, 2025. Additionally, individuals can claim deductions for home and vehicle repair costs up to specific limits.
The measures from state financial institutions are extensive. For instance, the Government Savings Bank is offering low-interest loans without collateral and suspending principal payments for affected debtors until December 2025. The Bank for Agriculture and Agricultural Cooperatives (BAAC) is providing emergency loans with favorable terms and life and property restoration loans. Other institutions, such as the Government Housing Bank, the Small and Medium Enterprise Development Bank, and the Export-Import Bank of Thailand, are also introducing various loan options and repayment aids.
Additionally, the Islamic Bank of Thailand is offering loans for home repairs and business rehabilitation, while the Small Industry Credit Guarantee Corporation is launching projects to guarantee loans for SMEs with waived fees for the initial years.
These comprehensive measures are open for application until December 30, 2025, aiming to alleviate the financial burden on those affected by the security situation at the border.