<Royal Decree No.710, exemption of Corporate Income Tax>
Royal Decree No.710 provides an additional 100% deduction for investments in machinery and computer software for automation systems between 1 January 2019 and 31 December 2020. The additional deduction is subject to certain conditions, including:
- for a certified automation investment project;
- new (unused);
- is depreciable and is ready for use by 31 December 2020;
- is located in Thailand;
- no other incentives are claimed in respect of the machinery/software;
- the machinery/software is not used in a business that is exempt from income tax.
(For procedures and conditions, please also see Notification Director General No.378)
⇒https://www.rd.go.th/publish/fileadmin/user_upload/kormor/newlaw/dc710.pdf