On 11 August 2015, the Thai Cabinet approved an increased incentive for research and development (R&D) of technology and innovation. The incentive is increased from a deduction of 200% of qualifying R&D expenditure to 300% of qualifying expenditure. This increased deduction is capped at a percentage of the gross revenue of the taxpayer. The cap percentage is:
The incentive applies for R&D expenditure incurred from 1 January 2015 to 31 December 2019.
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