On 24 March 2025, the Thai Cabinet approved the Royal Decree (No. 794) B.E. 2568 (2025), issued under the Revenue Code governing the reduction and exemption of taxes and duties. The Royal Decree provides tax incentives for e-Donations to the Office of Knowledge Management and Development (OKMD).
The tax incentives provided for the e-Donations made to the OKMD between 1 January 2025 and 31 December 2026 shall be as follows:
- For individuals, double deductions of the donated amount from their assessable income, after standard deductions, given that the donation shall be made in cash. The deduction is capped at 10% of the individual’s assessable income.
- For companies or juristic partnerships, double deductions of the donated amount in cash or property contributions. The deduction is capped at 10% of the net profit before other specific deductions of the company or juristic person.
In addition, the Royal Decree also exempts income tax, VAT, specific business tax, and stamp duty on income relating to the transfer of assets or sale of goods regarding the donations, given that the donors cannot deduct the cost of these assets or goods as expenses in their tax calculations.
Tax deductions for e-Donations made to the OKMD_Bangkok Global Law