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THAILAND

Tax rate cut for SMEs that clean up their accounts

News, Wichit Chantanusornsiri, Published on 07/09/2015

» The Finance Ministry is set to cut the corporate income tax rate for small and medium business operators (SMEs) from 15% to 10%, for SMEs that improve their accounting procedures.

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BUSINESS

Amendment could boost haul from property tax

Business, Wichit Chantanusornsiri, Published on 07/09/2015

» Amending the law to allow median prices based on current appraisal prices to be used for the local development tax could be an alternative to generate massive tax income instead of pushing the controversial land and buildings tax, says a source familiar with the subject.