Did you know that as an employer in Thailand you could benefit from a tax deduction equal to 200% of your training expenses? Practically speaking, it is like recording your training expenses twice when declaring income before income tax: As a result, your income tax is proportionally discounted, which increases your net profit. Here is how to take advantage of of this tax deduction scheme when sending your employees to us for WSET courses:
What you will need:
Our registration certificate as an approved provider of training, which can be used for a 200% tax deduction according to the Skill Development Promotion Act B.E. 2002
The relevant course specifications booklet which can be downloaded here for WSET courses and here for WSG courses.
Copy of the training payment receipt (Issued by us)
Your Income Tax Form duly filled
When can you submit your documents?
Up to 5 days before training starts and up to 60 days after training but no later than January 15th of the following year.
Where do you submit your documents?
In Bangkok : Department of Skill Development Bangkok Skill Development Center Wat That Thong
Outside Bangkok: Regional Skill Development Institute or provincial skill development center
Note for companies of 100+ employees: If your company employs more than 100 people, the Thai government makes it mandatory for you to provide training at least half of your staff, or you will be required to make a "contribution" to the Thai Skill Development Fund.
References:
Ministry of Labor : Skill Development Promotion Act 2002 https://www.mol.go.th/employer/act_skill_development
The Revenue Department Order No. Por. 122/2545 http://www.rd.go.th/publish/13501.0.html
They have trusted us to successfully prepare their team members for the WSET exams:
Case Studies
Every year 1000s of businesses—of all shapes and sizes—turn to WSET courses and qualifications to ensure their employees are armed with the necessary product knowledge in wines, spirits and sake to succeed.
Here we share some of their stories to demonstrate how WSET training provides tangible benefits and ROI.
Raley's Family of Fine Stores
USA supermarket chain uses WSET training to support wine expansion and drive wine sales increases of up to 20%.
Hotel du Vin Brighton
Boutique UK wine hotel improves guest experience, wine sales and staff retention with WSET training.
Consorzio di Tutela del Soave
Italian wine consorzio employ WSET training to help drive international sales for their members.
Check out our upcoming WSET courses here