Also effective 1 January 2008 (i.e. from and including the 2008 accounting period) the first THB 150,000 of a Small and Medium Enterprise’s taxable income is exempt from corporate income tax. An SME is a Thai company having paid up capital of not more than THB 5 million at the end of its accounting period.
The corporate income tax rates for an SME are now as follows:
|
Taxable Income |
Tax Rate |
|
0 – 150,000 |
0% |
|
150,001 – 1,000,000 |
15% |
|
1,000,001 – 3,000,000 |
25% |
|
3,000,001 – |
30% |