Thailand Corporate Social Responsibility Tax Allowances
On 02 October 2017, Royal Decree (No 645) was gazetted, providing a 150% CSR tax allowance for support of flood victims during the period 05 July 2017 to 31 Oct 2017. This Tax Insight has been updated for this additional allowance.
The CSR Tax 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% and the 150% 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 the allowances shall not exceed 10% of net assessable income before deduction of the tax allowances.
This Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.