- Thailand’s Ministry of Finance issued Notification on Income Tax and VAT No. 874, published in the Royal Gazette on August 7, 2021.
- The notification adds one organization to the official list of public charities eligible for tax exemptions.
- The designated entity is the Foundation of His Holiness the Supreme Patriarch Prince Jinavajiralongkorn under the Patronage of the Supreme Patriarch.
- Income tax exemption applies to assessable income for tax year 2021, filed in 2022 onward.
- VAT exemption applies to entrepreneurs’ tax base from June 2021 onward.
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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