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Mazars Thailand Tax Update – June 2010

New tax incentives to boost travel industry have been announced.

Keywords: Tax, Regional Operating Headquarters ('ROH'), Revenue Department

Personal Income Tax

Expenses Tax privilege Effective period
Package tour purchase from an authourised tourist agent
 Exemption on actual amount paid but not exceeding THB 15,000 2010 tax year

Corporate Income Tax

Expenses Tax privilege Effective period
Exhibition/expo costs either domestic or overseas
  • Rental
  • Construction fee
  • Related expenses e.g. freight, insurance, transportation fee for merchandise and booth installation
 Double deduction of expenses 16 June 2010 to 31 December 2010
Costs of training employees in Thailand either in-house or outside
  • Seminar room
  • Accommodation
  • Overhead fee and transportation
  • Food and other expense including in the above package
 Double deduction of expenses Two accounting periods (2010-2011)
First year accelerated depreciation

Acquisition of moveable assets (e.g. equipment, fixtures, furniture) but excluding vehicles

60% deduction of the acquisition cost 16 June 2010 to 31 December 2010
Car rental business

A passenger car with no more than 10 passenger seats:

  1. Business using its own cars
  2. Business that rents the cars
  1. Full depreciation
  2. Actual rental expense
 Life time

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