Print Page
News & Press: International News

Tax break to spur research and development in Thailand

Monday, 24 March 2014   (0 Comments)
Posted by: Author: Mary Swire
Share |

Author: Mary Swire (Tax-News)

Together with the Ministry of Science and Technology and the Revenue Department, Thailand's National Science and Technology Development Agency (NSTDA) has launched an online expense certification service to help businesses to qualify for the 200 percent research and development (R&D) tax deduction.

The NSTDA believes that, so far, only a small proportion of the companies with R&D investments have requested tax exemptions, and that the main reason for their reticence is the inconvenience of the present system and concerns over whether their details would remain confidential.

With the availability of the online system that is "fast, provides data security, and is convenient and easy to monitor, with follow up and support," many more businesses are expected to claim the tax break. The new system will, in fact, reduce the time taken to approve a project to 1 or 2 months.

The NSTDA hopes the system will bolster the Government's policy of tripling R&D to around 1 percent of gross domestic product, or THB130bn (USD4bn), within the next three years.

This article first appeared on 



Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

  • Tax Practitioner Registration Requirements & FAQ's
  • Rate Our Service

    Membership Management Software Powered by YourMembership  ::  Legal