According to recent reports, Thailand is considering a proposal for new progressive tax rates for small and medium-sized enterprises (SME). The rates proposed rates are:

• 5% on profit up to THB 5 million
• 10% on profit over THB 5 million up to THB 10 million
• 15% on profit over THB 10 million up to THB 20 million
• 20% on profit over THB 20 million

Reduced rates already apply for SMEs with paid u…