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 cap…