Thailand has published Royal Decree No. 690, which provides a temporary extra deduction (exemption) for investments in machinery between 1 September 2019 and 31 May 2020. This includes an extra 50% deduction, provided that:
- The machinery is new (unused);
- The machinery is a depreciable asset under general tax law;
- The machinery is ready for use by 31 December 2020;
- The machinery is located in Thailand;
- The machinery is not eligible for any other incentive; and
- The machinery is not used in a …