Keywords: Thailand, Tax, Revenue Department, Donation, Education, Literacy
The deductible amount allowed is as follows:
- Individual: double deduction of the actual amount but not exceeding 10% of the assessable income after deductions and allowances.
- Corporate: double deduction of the actual amount of money or assets donated but not exceeding 2% of the net profit.
Other educational donations will also be included when calculating the total amount eligible for deduction.