Keywords: Mazars, Thailand, Tax, Tourist Industry
06 September 2013
Under this incentive, business operators will be able to claim a double tax deduction on the cost of seminars organised by licensed tour operators or by themselves for their employees for the 2013 and 2014 tax years. The costs eligible for the incentive cover the seminar room, accommodation, hotel rooms, management service, transport, food and beverage, speaker, equipment and materials used for the seminar.
Domestic Tourist Industry
Tourist industry business operators (e.g. hotel, resort or homestay operators, travel agencies, etc.) who buy or repair movable property, equipment, decorative items and furniture, excluding vehicles, are entitled to claim an accelerated depreciation of 50% of those capital investments in the first year. The remaining amount will be depreciated over the next four years. This incentive covers investments in both 2013 and 2014.