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The Skill Development the Promotion Act B.E. 2545

The Skill Development the Promotion Act B.E. 2545. Justification.

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The Skill Development the Promotion Act B.E. 2545

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  1. The Skill Development the Promotion Act B.E. 2545 Justification  To promote and encourage the business operators to have a greater participation in skills development by offering an incentive measure in tax exemption and deduction including the rights and benefits in various cases as well as to establish a revolving skills development fund to be used for the purpose.

  2. Important contents mentioned in the Skills Development Fund. This Act required the business operators whose business falls in the category, type, size and the number of employees and is operating in the area as prescribed must make a contribution towards the Fund at the rate not exceeding one percent of the wage the employers paid in the final year before the year the contribution starts, except in the case the training activities have been carried out according to the requirements.

  3. (At present, the second draft requires the business operators of all trades and areas throughout the country with over 100 employees must make a contribution towards the Fund at the rate of one percent of the wage paid in a year. The calculation of contribution is based on the wage at the same rate fixed by the Ministry of Labour and on the number of employees who have not received training)

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