About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Print this page

THAILAND: Vat Exemption and Corporate Tax Cuts Set to Boost SME Sector

Exemption from value-added tax (VAT) and up to a 60% corporate tax deduction for all expenses underscore Thailand’s new tax incentives package for SMEs. Such businesses will also benefit from their specific business tax being reduced to 0.01%, while the fees for carrying out property transfers will drop from 2% to 0.01%.

Qualifying SMEs must have completed all required official registrations, have less than Baht 5 million (US$143,800) in registered capital, and generate revenue of no more than Baht 30 million (US$863,000) per annum. The incentives will be effective as of 1 January 2017 and run until 31 December of the same year.

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)