Income Tax Exemption Up To 1.5 Times Of Antigen Test Kit Expenses Paid By Employer

The Thai government has a policy to open the country and restore tourism as well as provides more lenient measures for entrepreneurs after the government has accelerated the control of COVID-19 and speed up vaccination in order to ensure that Thailand is a safe travel destination. In addition, the government has issued measures to support the COVID-19 screening by yourself. On September 14, 2021, the Cabinet has therefore approved the principle for companies or juristic partnerships to be able to deduct an additional expenses paid for a COVID-19 Antigen Test Kit for their employees or workers or regular basis.

The key details of said tax measurement are as below:

• Companies or juristic partnerships are allowed to deduct an additional 50 percent (total deductible at 1.5 times) of the expenditure paid for a COVID-19 Antigen Test Kit for employees or workers.
• A COVID-19 Antigen Test Kit must be complied with safety standards as prescribed by the Ministry of Public Health.
• Grants an additional deduction for expenditure paid between 14 September 2021 to 31 March 2022.

You can check the list of standardized test kits, which have been approved to produce and import from the Food and Drug Administration from shorturl.at/bBCUV.

Please note that this is a draft law at the moment; therefore, the taxpayer should continue to follow the relevant laws and regulations before and after the law has come into force.