Thailand Staff Training Seminars Corporate Tax Deduction
Update | May 2016
On 24 May 2016, Royal Decree (No 611) was gazetted, extending the 200% corporate tax deduction for staff training seminar costs for another one year period from 1 January 2016 to 31 December 2016. This Tax Advantage Article has been updated for this law change.
Tax Insight | January 2015
From 31 December 2014 the Government has reintroduced a temporary corporate income tax deduction concession for staff training seminar costs. This tax concession was granted for a period of time following the political riots of 2010 and has been reintroduced again for another temporary period of time.
The Tax Concession
An exemption from corporate tax on income equal to the amount of expenses paid out by corporate entities for seminar rooms, accommodation, transportation, and other expenses for conducting staff training seminars in Thailand (i.e. a 200% corporate tax deduction for staff training seminar costs).
From and including:
Rules and Conditions
Royal Decree (No 580) and (No 611) prescribe that claimants of this corporate income tax deduction shall comply with the rules, procedures and conditions of the Director-General of Revenue.
If your company wishes to claim this corporate tax deduction concession, it's important to know and fully comply with each and every one of the Director-General's prescribed rules, procedures and conditions, as a failure to do so will cause the Revenue Department's tax audit officers to disallow the claim.
This is a general information Tax Insight Article only. It should not be used to determine any matter without consulting with an experienced Thailand tax advisor.