Donations For Public Charity Via The Electronic Donation System Will Receive Both Merit And A Tax Deduction Of Up To Twice The Amount Donated

Regarding a donation via the electronic donation system, by either a natural or juristic person, to Siriraj Foundation or Chulabhorn Foundation between 30 November 2021 and 31 December 2022, tax can be deducted as an allowance or an expense at the rate of twice the amount of the donation when calculating net profit, in accordance with the conditions prescribed by Royal Decree (No. 741) B.E. 2564 (2021), as follows:

• 1. A donor who is natural person can deduct twice the amount donated as an allowance after deducting expenses and other allowances.^[1]
• 2. A donor who is a company or juristic partnership, whether donating money or property, can deduct twice the amount donated as an expense when calculating net profit.

In such regard, the deduction must be in accordance with the following rules and conditions:

• 1. In the case of a natural person, the amount that is exempted from tax shall be combined with the income received tax exemption for 2 times under the other Royal Decrees. Such combined amount must not be more than 10% of the assessable income after deduction of expenses and other allowances^[2]. In this regard, it must be under the rules prescribed by the Director-General.
• 2. In the case of a company or juristic partnership, the amount that is exempted from tax shall be combined with the expense received tax exemption for 2 times under the other Royal Decrees. The combined amount must not be more than 10% of the net profit before deduction of expenses for public charity or public benefit, and expenses for education or sports^[3]. In this regard, it must be under the rules prescribed by the Director-General. 

The donors will be exempted from income tax, VAT, specific business tax and stamp duty from the transfer of property, sale of goods or execution of instrument due to donations to Siriraj Foundation or Chulabhorn Foundation. In this case, the transferor shall not deduct the cost of property or goods that are entitled to exemption as an expense in calculating personal or corporate income tax.

Nevertheless, a natural person, a company or juristic partnership that has utilised the income tax exemption under this Royal Decree shall not deduct the donation used for tax exemption as an allowance for charitable contribution, nor deduct it as an expense for public charity or public benefit.

• ¹ Section 47 (1), (2), (3), (4), (5), or (6) of the Revenue Code
• ² ibis
• ³ Section 65 ter (3) (b) of the Revenue Code