Keywords: Mazars, Thailand, Tax, Revenue Department, PND 50, SMEs, Ministry of Finance
22 April 2016
The proposed tax rates would apply for two consecutive accounting periods, commencing on or after 1 January 2015. Currently, this proposal has not been passed into law. However, the Revenue Department has changed the corporate income rate on the tax return form (PND 50) on the internet in respect of these reduced tax rates. Therefore, we believe that the reduced rates will become law, and a taxpayer that is an SME may apply these reduced tax rates for its 2015 tax year.