- Thailand’s Ministry of Finance issued Notification on Income Tax and VAT No. 868 to add a new public charity to the tax exemption registry.
- The new designated organization is the Foundation for the Welfare of the Mentally Retarded of Thailand under Royal Patronage.
- The organization is now eligible for tax exemptions and deductions under the Thai Revenue Code.
- Income tax exemption applies to assessable income for tax year 2021, filed in 2022 onward.
- VAT exemption applies from May 2021 onward; the notice was officially announced on May 18, 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.
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