- Thailand’s Ministry of Finance issued Notification on Income Tax and VAT No. 872.
- It adds the Perfect Life Foundation (มูลนิธิเพอร์เฟคไลฟ์) as a recognized public charity eligible for tax exemptions.
- Income tax exemption applies to assessable income for tax year 2021, filed in 2022 onward.
- VAT exemption applies to the tax base from May 2021 onward.
- The notification was officially announced on May 29, 2021.
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.
