Tax Deductions for H1: What Did Your Accountant Miss?

When estimating your full-year profit for the P.N.D. 51, ensuring you have captured all Deductible Expenses is vital for cash flow efficiency. Don't let your accountant leave money on the table.

 

Area 1: Training & Development

Under Thai Law, you can often claim a 200% deduction (double the actual cost) for the expenses related to sending Thai staff to government-certified training courses. If you did this in Q1 or Q2, ensure it is recorded at the 200% rate in your forecast.

 

Area 2: Research & Development (R&D)

If you have invested in new product development or process innovation, you may qualify for a 300% deduction on specific R&D salaries and materials. This is the single most powerful tax shield for tech and manufacturing firms.

 

Area 3: Asset Depreciation (Accelerated)

SMEs in Thailand can often use Accelerated Depreciation for machinery and computer equipment. Instead of a 5 or 20-year schedule, you can write off a larger portion in the first year. Ensure your H1 asset list is updated and the correct depreciation model is applied to your profit forecast.

 

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Related Service: Accounting & Tax Compliance — Specialized tax auditing and deduction optimization.