Thailand- Royal Decree on deduction for depreciable assets

Posted on

The government of Thailand approved the amendment of Royal Decree No. 604 on 24 January 2017, which was gazetted on 21 April 2016. The amendment permits a 50% additional corporate tax deduction on the expenditure acquired on additions, alterations, extensions and/or improvements of property, plant and equipment which meet the requirements of deduction under section 65 Bis (2) of the Revenue Code. This new rule will be applicable from 1 January 2017 to 31 December 2017.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s