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Ordinary and necessary expenses with special the rates appearing hereinafter:
1. Deduction of 200% on equipment invested for the disabled.
2. Deduction of 200% on Research and Development costs.
3. Deduction of 200% on training costs.
✓ Interests, excluding interests on capital reserves or funds of the company. Taxes except VAT and CIT.
✓ Net losses carried forward (5 years).
✓ Wear and tear.
✓ Donations: no more than 2% of net profits.
✓ Bad Debts only if a procedure has been launched to the court of Thailand.
✓ Provident fund contributions.
✓ Entertainment costs up to 0.3% of gross incomes and not exceeding THB 10M.
✓ Annual Asset Depreciation according to authorized rates
Non deductible expenses:
✓ Expenses which supporting documentation is not sufficient (agreements and any other serious proofs justifying the expense);
✓ Expenses which recipient is not identifiable (no company name, no address);
✓ Allocations to reserves;
✓ Fines & penalties;
✓ Expenditure incurred relating to a prior period which had not been accrued as at the end of that period;
✓ Withholding taxes paid on behalf service providers or landlord.
|1. Companies not appearing below||Fiscal Profit
|2. Small companies with a paid-up capital not exceeding THB 5M Baht and income less than THB 30M
||Fiscal profit not exceeding 0.15m Baht||Exempt|
|Fiscal profit over THB 0.15M and less than THB 1M||15%|
|Fiscal profit more than THB 1M and less than THB 3M||20%|
|Fiscal profit more than THB 3M||20%|
|3. Foreign companies not leading activities in Thailand but receiving dividends||Gross dividends||10%|
|4. Foreign companies not leading activities in Thailand and receiving incomes other than dividends
|5. Foreign company remitting profit out of Thailand
|6. Regional Operating Headquarters (ROH)
|7. BOI Licensed companies