The cabinet of Thailand has passed a tax incentive for the expenditures occurred in the R&D sector of technology and innovation. The tax incentive has become effective as from 1 January 2015 to 31 December 2019.
Accordingly a tax deduction of up to three times of the actual expense incurred is accepted and will be limited as below:
| Total revenue or sales | Exemption of corporate income tax(R&D expenses as % of revenue or sales)
|
| 0 – 50,000,000 | up to 60% |
| 50,000,001 – 200,000,000 | up to 9% |
| 200,000,000 and over | up to 6% |
