- Thailand’s Ministry of Finance issued Notification No. 871 to add a new recognized public charity for tax benefits.
- The Osotspa Foundation (มูลนิธิโอสถสภา) was added to the tax-exempt registry.
- The income tax exemption applies to 2021 assessable income, filed in 2022 and onward.
- The VAT exemption applies from May 2021 onward.
- The notification was announced on May 29, 2021 and published in the Royal Gazette on August 7, 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.
