Cabinet approves tax claims for donations to repair ancient sites damaged by floods | Bangkok Post: news

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Tax write-off for ancient sites donations

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The cabinet meeting on Tuesday approved tax incentives to encourage donations towards the renovation of ancient remains, ruins and artifacts, as proposed by the Ministry of Finance, reports said. 

As a general incentive, tax payers donating money to the Fine Arts Department for renovation of ancient sites will be able to claim the full amount as a deduction on their annual income tax declaration, up to a maximum of 10% of their income eligible for tax after other deductions.

This will be effective for the payment of income tax for the year of 2013, with income tax returns having to be submitted by the end of March 2014.

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