Thailand CSR 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 Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.