Thailand: Implementation of digital technology
The Board of Financial investment introduced in March 2021 a 3-calendar year corporate earnings tax exemption for 50% of the investment decision capital (excluding charge of land and performing money) invested in implementing the adhering to digital systems:
- Application, applications or details engineering made use of to be internally built-in or externally connected, or the two, with at minimum three features of data website link for source administration
- Artificial intelligence (AI), machine learning, and employing big data or information evaluation
- Computer software, packages or information engineering that connects with the government’s on-line products and services
The minimum amount investment decision capital or expenditure of each and every challenge must not be significantly less than 500,000 baht (excluding charge of land and doing the job funds) for tiny and medium enterprises (SMEs), and the minimum amount investment money of just about every challenge must not be significantly less than 1,000,000 baht for non-SMEs.
Apps for the relief need to be submitted by 30 December 2022, and implementation of the job will have to be accomplished in 3 yrs of the day the advertising certification is issued.
The calculation of financial commitment cash or expenditure (excluding cost of land and operating capital) beneath this software is as follows:
| Complete financial commitment or expenditure |
|
| Half of the investment decision or expenditure |
|
Read through a May 2022 report prepared by the KPMG member agency in Thailand
