- The Ministry of Finance amended VAT exemption criteria for certain non-profit entities.
- The amendment specifically affects non-profits, public welfare institutions, hospitals, and educational institutions.
- Clause 5 (20) of a previous notification is replaced, changing conditions for VAT exemption.
- The “Mahidol Education Fund” now has specific compliance or reporting requirements to maintain exemption.
- New rules apply to annual reports due in 2025 and tax base calculations starting November 2025.
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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