We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
|
|
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 exemption from VAT on approved donations in kind by VAT taxpayers is also extended for this period.