150% Tax Allowances for Investment in Capital Assets
150% Tax Allowances for Investment in Capital Assets in 2017
The Thai Government, in an effort to further promote domestic investment, has issued Royal Decree No. 642 to allow an additional 50% deduction on certain assets paid for during 2017 by Thai corporate entities. This apportioned deduction is in addition to the existing depreciation allowances on those assets under Thai tax law and extends the similar incentive available under Royal Decree No. 604 which allowed a 100% additional deduction over the same periods for payments that were made between 3 November 2015 and 31 December 2016.