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Thailand Extends Additional 25% Deduction for Certified Biodegradable Plastic Products

|Approved Changes|Thailand
Thailand

The Thai Revenue Department has published Royal Decree 749 on measures to promote biodegradable plastic packaging. The decree extends the additional 25% deduction for costs incurred by companies for certified biodegradable plastic products, which was introduced by Royal Decree No. 702 with effect from 1 January 2019 to 31 December 2021. Under Royal Decree 749, the additional 25% deduction is e…

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