Thailand Exempts Income Received as Government Subsidies or Other Benefits

The Thai Revenue Department published Ministerial Regulation No. 382 on 19 May 2022, providing a tax exemption on income received as a subsidy or any other benefit from the government. The exemption covers subsidies/benefits provided in response to the COVID-19 pandemic, which are mostly focused on individuals. However, the exemption does cover certain subsidies/benefits provided for employers…
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