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Thailand Extends Deduction Incentive and VAT Exemption for COVID-19 Donations

|Approved Changes|Thailand
Thailand

The Thai Revenue Department has issued a release announcing that the Cabinet has approved an extension of deduction incentives for donations introduced in response to COVID-19. Originally, a deduction was allowed for donations made through the Revenue Department e-donation system by companies (up to 2% of net profit) and individuals (up to 10% of total income) from 5 March 2020 to 5 March 2021. The deduction is now further allowed for donations made from 6 March 2021 to 5 March 2022. The exe…

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