Additional 150% Tax Deduction for Investment in Thailand 投資泰國可額外享有150%扣除額
Royal Decrees No. 695 and No.698 announced an additional 150% deduction for certain investments on new machinery and hotel renovations in Thailand, which is a relief to provide economic support for companies affected by COVID-19. The new policies are effective from June 23, 2020.
Companies which invested on machinery during the whole year of 2020 can claim an additional 150% deduction, but this excludes machine repair and maintenance. In addition, if the purchase is for leasing or renting business, it’s not qualified for this incentive.
The qualified machineries are assembling components, which uses water, steam, fuel, wind, gas, electric or any power or the combination of several power types. However, it does not cover vehicles registered under the law governing such vehicles.
Companies which engage in hotel business can also claim an additional 150% tax deduction for qualified payment made in 2020, which include additional, extensive, alternative or improved property for hotel business. However, the tax deduction doesn’t include fees for repairment and maintenance.
The qualified machinery and property should meet following condition
Ø Is new
Ø Ready to be used by the end of 2020
Ø Is located in Thailand
Ø Is predictable asset under Thai tax law
Ø Isn’t used for business that is exempt from corporate income tax
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 https://www.rd.go.th/publish/fileadmin/user_upload/kormor/newlaw/dc695.pdf.  https://www.rd.go.th/publish/fileadmin/user_upload/kormor/newlaw/dc698.pdf. #投資泰國 #泰國企業 #免企業所得稅 #泰國律師 #泰國法律 #泰國律師事務所 #台灣律師 #IBC泰國法律金融會計事務所 #泰國會計 #泰國會計師 #泰國會計師事務所 #泰國中文律師 #泰國中文會計師 #investinthailand #thaicompany #exemptfromcorporateincometax #thailawyer #thailaw #thailawfirm #taiwanlawyer #IBCfirm #thaiaccounting #thaiaccountant #thaiaccountingfirm