3 Oct 2016
THAILAND: Double Tax Deductions on Offer for Investors in Southern Provinces
Companies investing in projects or starting businesses in Yala, Narathiwat and Pattani, three of the country’s Southern provinces, will now be entitled to claim up to 200% in tax deductions for allowable expenses. This double deduction in overall income tax liability will apply until 2020.
In an additional move, any start-up that derives at least 80% of its income from selling goods or services in any of the three provinces will be eligible for corporate income tax (CIT) exemption for five consecutive accounting periods. To qualify, the annual income of any such company should be below Thai Baht 30 million (US$865,000).