Cabinet allows tax break on software-related expenses : vima

Cabinet allows tax break on software-related expenses


Cabinet allows tax break on software-related expenses
Cabinet allows tax break on software-related expenses
BANGKOK: The Cabinet has approved a measure to allow small- and-medium-sized enterprises (SMEs) to use their software or computer program-related expenses as a deductible against corporate income tax due, at the rate of two times the expense in some cases.
Sunday 16 May 2021, 10:00AM
In addition to the computing tax break, Labour Minister Suchart Chomklin has confirmed that employees of event organisation businesses, forced to suspend their operations because of the COVID-19 crisis, are allowed to claim compensation from the Social Security Fund. Photo: NNT
Revenue Department Director-General Dr Ekniti Nitithanprapas said the approval is aimed at encouraging SMEs to deploy digital technology to upgrade their operations, reports state news agency NNT.

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