The Thai Revenue Department has published Royal Decree 749 on measures to promote biodegradable plastic packaging. The decree extends the additional 25% deduction for costs incurred by companies for certified biodegradable plastic products, which was introduced by Royal Decree No. 702 with effect from 1 January 2019 to 31 December 2021.
Source: orbitax.com
Latest Posts in "Thailand"
- Thailand Launches D-VAT & SBT Digital Platform to Streamline VAT and Business Tax Services
- Thailand Updates Input VAT Allocation Rules for Mixed and Out-of-Scope Business Activities
- Thailand Revenue Department to Expedite B160bn VAT Refunds for Business Liquidity
- 7% VAT Rate in Thailand Extended Until 2026
- Thailand’s Credit Rating Stable, No VAT Increase Planned Despite Political Uncertainty: Official