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Tax and import tax reduction for company.

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Hello!

Basically I have 2 questions to anyone that know anything about this mater.

We are talking with some European companies that have sales offices here in Thailand about donating equipment to the college were I work. This is needed as the equipment we have in this program is 25-40 years old and there is no budget to buy new machines and equipment to modernize. If the deal goes true then the value would be somewhere between 500,000 and 1 million Euro (without the import taxes) so:

1. I know that as a person you can donate for example 10,000 Baht to a school and with the receipt deduct 20,000 Baht (200%) from your tax. Is it the same rule for companies? If it is then its a higher incentive for the companies to donate as they would actually be able to pay less in taxes!

2. Import taxes from Europe are high (I have heard 200%). If the imported gods are donations to a school could the import tariffs/taxes get excluded? This is vital as we can't afford to pay 1-2 million Euro for taxes as we have 500,000 Baht as yearly budget for this program.

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