Deputy government spokeswoman Lalida Perdwiwattana said the Revenue Department issued the announcement outlining criteria and conditions for the corporate income tax exemptions, which run from Oct 28 to Dec 15 this year, reports the Bangkok Post.
Under the measure, certain districts in major tourist provinces such as Krabi, Chiang Mai, Nakhon Ratchasima, Chon Buri and Surat Thani are included in the double tax deduction programme as well. They include Khao Phanom, Lam Thap and Plai Phraya in Krabi; San Sai, Saraphi, Mae Taeng and Mae Wang in Chiang Mai; Pak Thong Chai, Phimai, Sikhiu and Soeng Sang in Nakhon Ratchasima.
Businesses that hold seminars or trainings in the designated areas will receive a double tax deduction, while those in other locations can claim a 1.5-times deduction in line with the Revenue Department’s regulations.
Ms Lalida said the scheme allows companies to benefit from tax deductions during year-end, when corporate events and meetings typically increase, while also boosting local tourism and distributing income more evenly among regional communities.
"It reflects the government’s focus on strengthening the grassroots economy and tourism incentives," she added.