Tourist Industry Tax Incentives - CIT
Following on from the tax incentives as detailed in Tourist Industry Tax Incentives - PIT, corporate income tax incentives relating to the tourist industry have also been enacted.
Keywords: Tax, Thailand, Travel Industry, Corporate Income Tax, Revenue Department
Corporate income tax
Expense | Tax privilege | Effective period |
1. Exhibition/expo costs either domestic or overseas
Note
Source | Double deduction of expenses
| 14 October 2010 to 31 December 2011
|
2. Costs of training employees in Thailand
| Double deduction of expenses
| 14 October 2010 to 31 December 2011
|
3. First year accelerated depreciation on acquisition of moveable assets (e.g. equipment, fixtures, furniture) but excluding vehicles. Note such movable assets shall not be:
Source | 60% deduction of the acquisition cost on the date of acquisition of such movable properties
| 14 October 2010 to 31 December 2011
|
4. Car rental business A passenger car or car with no more than 10 passenger seats: i. Business using its own cars* ii. Business that rents the cars * such cars shall be used only for the business of the company Source | Full depreciation Actual rental expense
| for the expense incurred from 14 October 2010 onwards
|
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