Boosting Travel Industry by New Tax Incentives

New tax incentives to boost travel industry have been announced. Both personal income and corporate income can be applied in this new tax incentives.

Keywords: Tax, Regional Operating Headquarters ('ROH'), Revenue Department

Personal Income Tax

Expenses	Tax privilege	Effective period
Package tour purchase from an authourised tourist agent	Exemption on actual amount paid but not exceeding THB 15,000	2010 tax year

Corporate Income Tax

Expenses	Tax privilege	Effective period
Exhibition/expo costs either domestic or overseas Rental Construction fee Related expenses e.g. freight, insurance, transportation fee for merchandise and booth installation	Double deduction of expenses	16 June 2010 to 31 December 2010
Costs of training employees in Thailand either in-house or outside Seminar room Accommodation Overhead fee and transportation Food and other expense including in the above package	Double deduction of expenses	Two accounting periods (2010-2011)
First year accelerated depreciation Acquisition of moveable assets (e.g. equipment, fixtures, furniture) but excluding vehicles	60% deduction of the acquisition cost	16 June 2010 to 31 December 2010
Car rental business A passenger car with no more than 10 passenger seats: Business using its own cars Business that rents the cars	Full depreciation Actual rental expense	Life time

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