On 11 August 2015, the Thai Cabinet approved an increased incentive for research and development (R&D) of technology and innovation. The incentive is increased from a deduction of 200% of qualifying R&D expenditure to 300% of qualifying expenditure. This increased deduction is capped at a percentage of the gross revenue of the taxpayer. The cap percentage is: 60% for gross revenue up to THB 50 million; 9% for gross revenue over THB 50 million up to 200 million; and 6% for gross revenue over THB 200 million. The incentive applies for R&D expenditure incurred from 1 January 2015 to 31...