The Thai Government has issued a release on the measures approved during the Cabinet's 30 April 2019 meeting, including tax measures to support the economy in 2019. These primarily include a number of personal income tax deductions (allowances), including:
With respect to corporate income tax, the measures include a double deduction for expenses incurred for investment in electronic tax invoice/receipt systems between 30 April 2019 and 31 December 2019. This includes investment expenditure for computer systems and equipment and computer software for the preparation, delivery, receipt, and maintenance of electronic invoices/receipts, as well as expenditure for related cloud services. The double deduction is only available for VAT-registered taxpayers and is subject to certain conditions, including that the systems must not have been used by the taxpayer before, they must be acquired and actually used by 31 December 2020, and they must be used for at least three consecutive tax periods.
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