Corporate gifts are items of value given by a business to clients, potential clients, employees, or other associates. The primary purpose of these gifts is typically to build relationships, express gratitude, promote goodwill, or market products/services.

Examples include holiday baskets, promotional merchandise with company logos, tickets to events, or gift certificates.
Under Thai tax law, expenses for corporate gifts are generally treated as entertainment expenses for corporate income tax purposes.

General Criteria CIT Deductibility

• Business Purpose
• Main recipient is not an employee
• The cost of articles given to those entertained (including gifts) must not exceed THB 2,000 per person on each occasion.
• Overall cap on entertainment expenses 0.3% of the revenue or paid-up capital (whichever is greater). The overall cap is 10 million baht.

Documentation Needed For CIT Deduction

• Full tax invoice
  • Form (i.e. expense claim) containing
  • Detailed description of purpose
  • Recipient information
  • Date of giving the gift
  • Value of the gift
  • Internal approval/authorization
• Company policy regarding gifts, if applicable