The American Chamber of Commerce in Thailand
BusEcon : Revised Thai Tax Structure & Its Impact on Expatriates
 This event occurs in the past. | ||
| Date & Time: | 26-Jun-2012 07:30  |
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| Location: | [Login Required to view Location] | |
| Duration: | ||
| Member Cost: | THB 0.00 | |
| Details: In an effort to promote the competitiveness of Thailand on the global market, the following reductions in the corporate income tax rate were recently announced: - Corporate income tax rate shall be reduced from 30% to 23% for fiscal year 2012 and on 1 January 2013 the rate shall be reduced to 20%. - There will also be a reduction in the corporate income tax rates for SME companies with paid up capital of less than THB 5 million and with sales and services income less than THB 30 million in an accounting period. - A company that was listed on the SET before 31 December 2009 and is currently subject to corporate income tax of 25% will have the rate of tax reduced to 23% for the fiscal year ending 31 December 2012, and from 1 January 2013 the rate will be further reduced to 20%. - The corporate income tax rate for a company listed on the MAI will be 25% where the profit does not exceed THB 50 million in the 2011 year. Khun Kitipong Urapeepatanapong, Chairman of Baker & McKenzie, will be here with us to explain how the revised tax codes affect your business. |