The Thai Revenue Department Nov. 19 issued guidance on the sales tax deduction available for businesses with qualified bad debts. Topics covered include: 1) the methods and conditions for the deduction; 2) deduction calculation procedures for bad debt amounts both below and above 2 million Thai baht (US$60,756); and 3) the time period for the deduction. [Thailand, Revenue Department, 11/19/21]
Reference:
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