BANGKOK, Thailand – The Cabinet has approved an extension of tax incentives for donations supporting education, allowing donors to claim double tax deductions or double expense deductions for money or property contributed through the Revenue Department’s e-Donation system. The measure covers donations made from Jan. 1, 2025, through Dec. 31, 2027. Deputy Government Spokesperson Patdarasm Thongsaluaykorn said the extension continues a tax measure that expired at the end of 2024 and ensures that donations made since the beginning of 2025 remain eligible for tax benefits. The measure applies to both individual and corporate donors.
Individual taxpayers may deduct twice the amount donated, subject to a combined limit of 10% of assessable income after expenses and allowances. Companies and juridical partnerships may claim deductible expenses equal to twice the value of donations, subject to a combined limit of 10% of net profit before such deductions. The tax benefits apply to donations made through the e-Donation system to eligible educational institutions, including state schools, licensed private schools, private higher education institutions, and certain international and foreign universities approved by the government. The draft royal decree must still undergo legal review by the Office of the Council of State before it takes effect. (NNT)
