Tax Newsletter OCTOBER 2015

DLO’S Tax Newsletter   Issue 59 – October 2015 Tax New Update Tax Benefit in Case of Donated Money or Property The Cabinet of Thailand has issued Royal Decrees (Numbers 593 & 594) B.E. 2558 to provide tax benefits to donor of money or property to the Promotion and Development Education Fund for Disabled Person, and the Thailand Unity Anti-Trafficking Project. The benefits given are as follows: In the case of individuals, they receive an exemption on personal income tax after the deduction of expenditure and allowance for the amount they  donate provided that the amount does not exceed 10 percent when it is combined with donated money under Section 47 (7) of Revenue Code such as donations to hospitals. In the case of a juristic person, they receive an exemption on corporate income tax for the amount they donate […]