KASIKORNBANK Financial Overview

K EXCELLENCE ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Government Assistance Measures for SMEs Affected by Wage Hike ■Daily minimum wage rose to Bt300 and will remain at Bt300 until December 2015 Measures Tax measures ■ Reduce income tax Details Financial measures Productivity-boosting measures Other measures ➤ If annual income ≤ Bt300,000, income tax rate = 0% ➤If annual income between Bt300,000 and Bt1mn, income tax rate = 15% ➤ If annual income over Bt1mn, income tax rate = 20% ■ Cut withholding tax to 2% (from 3%) ■ Allow 100% depreciation in the first year for machinery Exempt income tax from the sale of old machinery ■ Offer tax deductions for 1.5 times incremental wages ■ Offer soft loans worth Bt20bn from SME Bank and Bt10bn from Social Security Fund ■ Offer credit line guarantee worth Bt240bn by Thai Credit Guarantee Corporation ■ Establish Venture Capital Fund (Bt1bn) and Machine Fund (Bt3.4bn) to promote mechanization in SMEs by providing venture capital and interest rate subsidy for SMEs intending to purchase new machinery and equipment (still in Cabinet approval process) ■ Offer soft loans (0.1% p.a.) for staff training costs, by the Skill Development Fund ■ Reduce employer contributions to Social Security Fund to 4% (from 5%) ■ Increase budget for state officer trainings and seminars at provincial hotels ■ Reduce business tax by 50% to Bt40 per room (from Bt80) for small scale hotels under the supervision of the Local Administration Organization บริการทุกระดับประทับใจ K EXCELLENCE ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Ongoing Government Measures to Assist Cost of Living Household Assistance Energy Prices Baht/Litre Measures 29.99 37 Elimination of some Oil Fund levies Diesel Price 35 (effective Aug. 29, 2011) 33 29.99 31 29 27 Pegged Price Uncontrolled Price 25 Dec-10 Jun-11 Value-added-tax (VAT) Rate Dec-11 Jun-12 Dec-12 Details Train and Bus Fares: A subsidized fare for buses and trains; some buses and trains provided for free Electricity: A full subsidy on electricity bills for households using less than 50 units of electricity per month Diesel Fuel: The government intends to control diesel fuel prices to not exceed Bt30/litre by adjusting the amount contributed to the Oil Fund and excise tax on diesel fuel NGV and LPG Price: The government has subsidized NGV and LPG costs, allowing retail selling prices to be lower than global market prices. However, the government plans to restructure a fuel price system to better reflect global market price movements ■NGV price fixed at Bt10.50/kg ■LPG prices are as follows: ➤ Household sector planned price increase by Bt0.50 per month starting June 1, 2013 until the price equals to the transport sector price (as of May 7, 2013, price at Bt18.13/kg) ➤ Transport sector adjusted in accordance with Oil Fund levies and the direction of global prices (as of May 7, 2013, price at Bt21.38/kg) ➤ Industrial sector adjusted in alignment with relevant production costs (as of May 7, 2013, price at Bt28.07/kg) FT Rate: Fuel Adjustment Tariff (FT) Rate for electricity is set to increase by less than the actual cost On August 7, 2012, the Cabinet approved the following VAT Rates: ■Maintain the 7% value-added-tax (VAT) rate until September 30, 2014 ■After Sep 2014, VAT rate may be increased to 10% unless the government extends the VAT reduction period. บริการทุกระดับประทับใจ 98 97 46

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