To promote and develop sport in Thailand, the government has announced Royal Decree No. 559, which grants a 200% allowance for personal income tax purposes and a 200% deduction for corporate income tax purposes for donations made to the Sport Authority of Thailand, the Provincial Sport Committee, the Provincial Sport Association, the Sport Association of Thailand, the Department of Physical Education or the National Sport Development Fund for procurement of sport equipment, sport training or sport competition.
Keywords: Mazars, Thailand, Tax, Revenue Department, Sport
04 April 2013
Furthermore, donations of property and goods to such sport bodies are exempt from income tax, VAT, specific business tax and stamp duty. The conditions set by the Director-General of the Revenue Department also must be satisfied.
Read Royal Decree No. 559 for more information.