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.