
SMEs Income Tax Exemption Threshold Raised
As a measure to reduce the tax burden and increase financial liquidity for small and medium-sized enterprises (‘SMEs’) affected by the increase in the nationwide minimum daily wage to 300 Baht, which took effect at the beginning of this year, the income tax exemption threshold for SMEs has been raised from 150,000 Baht to 300,000 Baht a year, resulting in new tax bands for SMEs.
Keywords: Mazars, Thailand, Tax, SMEs, Royal Gazette, Royal Decree No. 564
05 June 2013
According to Royal Decree No. 564 published in the Royal Gazette on 9 May 2013, the new tax bands for SMEs will be effective for accounting periods starting on or after 1st January 2013.
For more information, please read Royal Decree No. 564.