On 12 July 2020, Thailand published three Royal Decrees in the Official Gazette that provide further tax benefits in relation to COVID-19. The benefits provided by the Royal Decrees are summarized as follows:
Additional Deductions for Interest and Salary Expense
The following additional deductions (exemptions) are provided:
- An additional 50% deduction (exemption) for interest on loans obtained by SMEs under the government's low-interest loan initiatives for interest expenses incurred or ac…