New SME tax rates proposed
During the cabinet meeting on 5 September 2015, the government approved a measure for supporting small and medium enterprises (SMEs), as proposed by the Ministry of Finance.
Keywords: Mazars, Thailand, Tax, SMEs, Ministry of Finance
6 October 2015
During the meeting, the following new corporate income tax rates for SMEs were proposed:
The proposed tax rates would apply for two consecutive accounting periods, commencing on or after 1 January 2015.
Please note that at the time of writing the reduced tax rates are currently still a proposal and have not yet been passed into law.
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