Page 39 - Introduction to Investment Laws in Thailand

under paragraph one, the Policy Commission may allow the
promoted person to deduct the annual loss accruing during such
time from net profits accruing subsequent to the period of time of
the exemption from corporate income tax, for a period not
exceeding five years as from the date of the expiration thereof,
provided that such deduction may be chosen to be made from net
profits of a particular year or several years.

The calculation of invested money under paragraph one
shall be in accordance with the rules and procedures prescribed
in the Notification of the Policy Commission.

The calculation of net profits and net loss of the
promoted person granted exemption from corporate income tax
shall be in accordance with the Revenue Code.

Section 25. Dividends from the business in the targeted
industry in respect of which exemption from corporate income
tax is granted under section 24 are not required to be included in
the calculation for the purpose of paying income tax throughout
the period of time in which the promoted person is granted
exemption from such corporate income tax.

Dividends in respect of which exemption from income
tax is granted under paragraph one, if paid within six months as
from the date on which the period of time of the exemption
therefrom expires, shall enjoy the exemption under paragraph
one.
Section 26. The Policy Commission may grant subsidies
from the fund to promoted persons for supporting expenses
incurred in the investment, research and development, promotion
of innovation or development of specific personnel of businesses
in targeted industries. The rules, procedures and conditions for
considering whether to grant subsidies under paragraph one
shall be as prescribed by the Policy Commission.
Section 27. In the case where any promoted person
violates or fails to comply with the conditions prescribed by the

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