Extension of double tax deduction for investing in an automation system
Royal Decree No. 776 extends the double tax deduction that corporate taxpayers can claim for investments in automation systems to 31 December 2025.
Keywords: Mazars, Thailand, Tax
4 September 2023
A 200% corporate income tax deduction is provided for investments in machinery and computer programs connected to automation systems.
Qualified machinery and computer programs must be able to be depreciated under the Revenue Code and acquired by 31 December 2025 in a ready-to-use stage.
The cost of repairing or restoring the machinery to its original condition does not qualify for a double deduction.
Source: https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dc776.pdf
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Jonathan Stuart-Smith Tax Partner Bangkok
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