Thailand Reduced V.A.T.September 2017
The Thai tax authorities that the present reduced 7% rate, compared to the standard 10% rate, will be further reduced to one year till September 30, 2018.
Thailand Corporate Income Tax CutNovember 2015
Starting January 1, 2016 the corporate income tax rate in Thailand will be reduced from the current 30% rate to 20% following draft amendment approved by the cabinet.
Thailand Investment IncentivesDecember 2014
The Thai board of investment approved on November 25, 2014 a new investment incentives plan valid for seven years starting January 1, 2015.
In general the investments are divided into two groups. Group A, high-tech investments will get tax exemption.
Group B which relates to non high-tech investments will get tax reduction and other economic incentives.
Thailand's Reduced 23% Corporate TaxJanuary 2012
As mentioned in our November update starting January 1, 2012 Thailand reduced the corporate income tax rate from 30% to 23%.
Thai Reduced Corporate Tax Rate ApprovedNovember 2011
The Thai cabinet approved on October 11 the reduction of the corporate income tax rate following the proposal of the Thai revenue in September 2011.
The current 30% corporate income tax rate would be reduced to 23% for accounting period ending on December 31, 2012 or later and to 20% for accounting periods starting on January 1, 2013.
Thailand Reduced Corporate Tax Rate ProposalSeptember 2011
The Thai revenue office is planning to propose a reduction of Thailand's corporate income tax rates.
From the current 30% rate down to 23% in 2012 and 20% in 2013.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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