On 13 October 2015, the Thai government announced that the cabinet has approved making permanent the 20% corporate income tax rate. The rate had been temporarily reduced from 30% to 23% in 2012 and further reduced to 20% in 2013. The reduction was set to expire then end of 2015.
The cabinet also approved a 10-year corporate and dividends tax exemption for venture capital funds with paid-up capital of at least THB 20 million that invest in certain sectors with a focus on promoting start-ups, and approved a temporary reduction in the property transfer tax rate from 2% to 0.01% for 6 months.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.