Will the RO assess the market rate on an interest-free loan given to the company’s employees affected by floods as taxable income?
The company can lend money interest free or at a rate lower than the market rate to its employees affected by the floods if such a benefit is included in the company’s human resources policy, i.e. Staff Handbook.
Keywords: Thailand, Tax, Flooding, Revenue Department
Further, the Revenue Department Officer will not assess the company even if the company borrows money that is subsequently lent to its employees.
For more information, please visit the Revenue Department website .