THAILAND PLUS PACKAGE: EXTENSION TILL 2025

In March 2023, the Thai government approved an extension of tax privileges under the Thailand Plus Package till December 2025.

The three Royal Decrees approved by the Cabinet mainly focus on:

-       Tax Measures to Promote Investment in Automation: which allows an additional deduction of 100% of expenses for investments in automation and software for automated systems;

-       Tax Measures to Promote Hiring of Highly Skilled Personnel: which allows an additional deduction of 50% of expense form the payment of salary (not exceeding 100.000 THB) for highly skilled employees in certain industries;

-       Tax Measures to Promote Development of Highly Skilled Personnel: which allows an extra deduction of 150% from sending employees to trainings and courses certified.

The deductable expenses are those paid from January 2021 to December 2022.

 

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