Thai govt to scrap rubber export tax for four months: Deputy PM
BANGKOK (Reuters) - The Thai government will scrap a tax on rubber exports for four months to help support prices, Deputy Prime Minister Kittirat Na Ranong said on Thursday.
He told reporters the cut would start immediately, and run until the end of the year.
Under the current regime, the tax is 3 baht (12 Singapore cents) per kg at a price between 80 baht and 100 baht. If the price falls below that, the tax is 2 baht, and 5 baht above that range.