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Thailand Publishes Royal Decrees for Extension of COVID-19 Incentive and Relief Measures

26 July 2022

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Approved Changes

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Thailand

On 19 July 2022, the Thai Revenue Department published three decrees providing for the extension of certain incentive and relief measures in relation to the COVID-19 pandemic. These include the following: Royal Decree 751 Royal Decree 751 provides for the extension of deduction incentives for donations introduced in response to COVID-19. Previously, 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, which was subsequently extended to 5 March 2022. Under Royal Decree...