VATupdate

Thailand extends additional 25% deduction for certified biodegradable plastic products

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

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