Thai revenue department announces corporate tax changes
Thailand’s Revenue Department will increase corporate income tax deductions for depreciation and entertainment expenses to alleviate business operators’ tax burden, according to its chief.
The planned adjustment seeks to make deductible expenses better reflect the current situation with the aim of encouraging business operators to pay their tax bills accurately, director-general of the Revenue Department Prasong Poontaneat said without revealing what the new rates are or when they will be introduced.
