Extension of a special tax deduction for STEM employee training cost
Royal Decree No. 778 extends the special tax deduction that corporate taxpayers can claim for the training costs of STEM employees to 31 December 2025.
Keywords: Mazars, Thailand, Tax, STEM, Employee
4 September 2023
Subject to certain conditions, a 150% corporate income tax deduction is provided for expenses regarding STEM employees’ education or training (including internal training) incurred from 1 January 2023 to 31 December 2025.
The education and training courses must be certified by relevant qualified agencies.
Source: https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dc778.pdf
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Jonathan Stuart-Smith Tax Partner - Bangkok
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Tax consulting services Thailand