Ministry of Finance Announcement on Tax Exemption for Public Welfare Organizations, Hospitals, and Schools

• Announcement by the Ministry of Finance regarding income tax and value added tax
• Specifies the exemption of value added tax for public hospitals and schools
• Amendments made to the tax laws regarding the exemption of value added tax
• Announcement by the Minister of Finance regarding the implementation of the amendments
• Addition of a new section regarding the foundation “Mulanithi Foundation”
• Implementation of the announcement starting from specific dates for income assessment and tax base evaluation
• Announcement signed by the Deputy Minister of Finance
• Effective date of the announcement is June 10, 2020

Source: rd.go.th

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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