Under the Royal Decree No. 604 of 2016 (B.E. 2559), tax benefits were given to companies or partnership’s expenses of domestic investment. On 24th January 2017, the cabinet approved a one year extension of this tax measure, that is for the period from 1st January 2017 until 21st December 2017.
It should be noted that the privileges have been amended, in particular the multiple for the calculation of tax expenditure deduction has been reduced from 2 to 1.5.
Accordingly, under this tax measure, expenses can be deductible 1.5 times if they were incurred for the investment in these following assets: –
Eligible for deduction are the following assets:
Please be informed that the company or partnership which applies for this benefit must prepare investment project and expense plans and present these to the Revenue Department.