March 17, 2017
For some years now, the Thai government has had a policy of promoting social enterprises to improve the quality of life of the Thai people and enable the private sector to work with the government to help communities and societies.Tax Exemption for Social EnterprisesIn order to help promote the activities of social enterprises, the Royal Decree on Tax Exemption (No. 621) B.E. 2559 was passed in 2016. To fall within the Royal Decree’s definition of a “social enterprise,” a company or juristic partnership must: