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


Tax privilege

Effective period

1. Exhibition/expo costs either domestic or overseas

  • Rental
  • Construction fee
  • Related expenses e.g. freight, insurance, transportation fee for merchandise and booth installation.


  • Certificate from government agency to clarify the participation


Royal Decree no. 503

Double deduction of expenses


14 October 2010 to 31 December 2011


2. Costs of training employees in Thailand

  • Seminar room
  • Accommodation
  • Overhead fee and transportation
  • Other expense paid to tour operator in relation to the training

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:

  • Either directly or indirectly be entitled for privileges from the government sector for energy reserve investment;
  • Partially or wholly be used in a CIT exempt business;
  • The expense for research and development of technology for the government or private section as per Royal Decree no. 297; and
  • Capital expenditure or exempt from CIT for improvement expense.


Royal Decree no. 505

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


Royal Decree no. 504

Royal Decree no. 505

Full depreciation Actual rental expense


for the expense incurred from 14 October 2010 onwards