Boosting Travel Industry by New Tax Incentives
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
| Double deduction of expenses | 16 June 2010 to 31 December 2010 |
Costs of training employees in Thailand either in-house or outside
| 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:
|
| Life time |
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