BusEcon : Revised Thai Tax Structure & Its Impact on Expatriates
| This event occurs in the past.|
|Date & Time: ||26-Jun-2012 07:30
|Location: ||[Login Required to view Location]|
|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.