Thailand Corporate Social Responsibility Tax Allowances
Update | February 2017
On 11 and 13 Feb 2017, Royal Decrees (No 631), (No 632) and (No 638) were gazetted providing a 200% CSR tax allowance for support of SME operations and for support of rural tourism by investment, development or improvement of government rural tourism projects, and a 150% CSR tax allowance for support of Southern flood victims. This Tax Law Guide has been updated for these additional allowances.
The CSR tax allowances on-offer for corporate entities and resident individuals in Thailand are as follows:
Note 1 – For corporate entities, the total of the 100% allowances shall not exceed 2% of net profit before deduction of the tax allowances, and the total of the 200% allowances shall not exceed 10% of net profit before deduction of the tax allowances.
Note 2 – For resident individuals, the total of all the allowances shall not exceed 10% of net assessable income before deduction of the tax allowances.
This is a general information Tax Insight Article only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.