Introducing the Orbitax International Tax Platform, a revolutionary suite of integrated tax solutions including research, compliance, calculations, entity management and charting. Find out more.
News Share

The Tax Hub

Daily Tax Newsletter


Responsive image

Thailand Introduces Amnesty Program and Extends Corporate Tax Relief for SMEs

On 1 January 2016, Thailand published two Royal Decrees in the Official Gazette, which introduce a new tax amnesty program and provide a related extension of the corporate tax exemption for SMEs. The measures are meant to encourage tax compliance.

Tax Amnesty

The tax amnesty program provides for an exemption from additional corporate tax, value added tax, specific business tax and stamp duty tax, and any related penalties and fines for the 2015 and prior tax years.

The program is available for Thai companies with annual gross revenue up to THB 500 million (~USD 13.8 million) in the tax year ending on or before 31 December 2015, subject to the following conditions:

  • The company is not under a tax investigation initiated prior to 1 January 2016;
  • The company has not used or issued fake invoices;
  • The company is not subject to a legal inquiry or under prosecution; and
  • Certain other conditions.

In order to take part in the program, a notice and application must be submitted to the Revenue Department. Once accepted, the company must meet a number of compliance conditions to remain eligible, including:

  • Timely filing of relevant tax returns and correctly paying taxes due;
  • Maintaining accounting records and financial statements in accordance with accounting law; and
  • Never taking any tax avoidance actions.

Corporate Tax Exemption for SMEs

In connection with the tax amnesty program, the corporate tax exemption for small and medium-sized enterprises (SME) with revenue under THB 300,000 is extended through 2017 (previous coverage) and an exemption regardless of revenue is provided for 2016 if the following conditions are met:

  • The SME was established prior to 1 January 2016;
  • The SME has applied for and is taking part in the tax amnesty program; and
  • The SME has never been found to be non-compliant with the tax amnesty program.

Qualifying SMEs are those with paid up capital not exceeding THB 5 million (~USD 138,000) and annual revenue not exceeding THB 30 million (~USD 827,000).

Powerful Tax Tools


FX Rates

Global FX Rates including Tax Year Average FX Rates and Spot Rates for all Reporting Currencies.


Corporate Tax Rates

Corporate tax rates, surtaxes, and effective tax rates for the current year, as well as historical rates and approved future rates.


Country Analysis

Detailed tax guidance for companies doing business in over 100 countries, including summaries and snapshots of key tax facts and issues.


Cross Border Tax Calculator

Calculate total tax costs and benefits of a cross border transaction including withholding tax, participation exemption and foreign tax credit rules.


Cross Border Tax Rates

Provides Domestic, treaty and EU cross border tax rates for over 5,000 country combinations for 9 different payment streams.



Complete overview of the OECD BEPS Project, including daily BEPS news, country adoption of BEPS measures, and an overview of the 15 BEPS Actions.


Tax Calendar

Customizable calendar tool that tracks corporate income tax, value added tax and transfer pricing obligations by country or entity.


Tax Forms

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.


Worldwide Tax Treaties

Repository including thousands of tax treaties (in English), OECD, UN and US Models, relevant EU Directives, Technical Explanations, and more.


Worldwide Tax Planner

Calculates the worldwide tax cost of what-if scenarios based on legal entity structure, taxable income, and cross border transactions.


Certified Rates Report

Customizable Certified Rates Report providing updated corporate and withholding tax rates at the end of each month for over 100 countries.


Withholding Tax Minimizer

Enables quick calculation of tax costs and benefits of cross border transactions considering all possible transaction combinations and optimal routes.


VAT Rates

Provides value added tax (VAT) rates, goods and services tax (GST) rates and other indirect tax rates for over 100 countries.


NOL Calculator

Country specific calculator to determine how net operating losses can be utilized in carryback and carryforward years.


Transfer Pricing Calculator

Calculates TP ratios under various TP methods and calculates the difference between target ratios and actual ratios.


Individual Income Tax Rates

Individual tax rates for over 100 countries.

Play of the Day

FX Rates

Global FX Rates including Tax year Average FX Rates and Spot Rates for all Reporting Currencies.

We’re here to help

We’re here to answer any questions you have about the Orbitax products and services.

Send us a message

Who’s behind Orbitax?

We’re committed to providing high value, low cost tax research and management solutions.

Learn More