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Thailand Publishes Royal Decrees for Additional Tax Benefits for COVID-19

|Approved Changes|Thailand
Thailand

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 obtain…

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