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Bangkok Post
Bangkok Post
Business

E-donations to be given tax cut priority

Donations to education, sports and social development will only gain a double tax deduction if they are made via an electronic channel, said Vinit Visessuvanapoom, deputy director-general of the Revenue Department.

Currently donations made to these three areas via a traditional channel qualify for a double tax deduction, but the deductible amount would not exceed 10% of the donor's net income after expenses and tax deduction.

However, this rule would no longer be applied as the department wants to encourage e-donations, Mr Vinit said.

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