Keywords: Income Tax Deduction, Thailand, Revenue Department
An income tax deduction of 150% of the actual amount will now be allowed as long as the total claim does not exceed:
- For individual taxpayers: 10% of taxable income after deducting any other allowances or deductions
- For corporate taxpayers: 2% of net taxable income
The above percentages (10% and 2% respectively) apply to the total claim for gifts or donations including those made to other charitable institutions.
Revenue Department announcement: