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.
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