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 depreciationAcquisition 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 businessA 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 |
