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Saturday, January 28, 2023

Tax deduction period extended for health foundation donations

Siriraj Foundation, one of the 13 public health foundations. (File photo)

The cabinet has extended the double tax deduction period for another two years for contributions made to 13 public health foundations via E-donation.

The cabinet on Tuesday approved draft legislation on tax measure period extension to support public health donations as proposed by the Finance Ministry, deputy government spokeswoman Rachada Dhnadirek said on Wednesday.

The ministry proposed that a royal decree should extend the personal income tax exception period for companies or juristic partnerships that donated money or assets to 13 public health foundations (an increase from 10 foundations) through the Revenue Department’s electronic donation system…

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