Corporate Tax Reduction Options for SMEsComments Off on Corporate Tax Reduction Options for SMEs
On 31st October 2017 Royal Decree (No. 647) was released offering Thailand registered SMEs the opportunity for 200% corporate tax reduction for costs related to the purchasing or hiring of computer programs for the tax years 2017-2019.
Under this tax measure any valid Thai *SME company can deduct expenses two times for the following items:
1. Purchase computer programs
2. Renting computer programs
This covers the period from 1st January 2017 to 31st December 2019, not exceeding 100,000 Baht.
* SMEs refer to a company registered in Thailand with fixed assets under 200 million Baht and not more than 200 employees. Moreover, the company should also have a maximum of 5 million Baht in paid-up capital and gross sales not higher than 30 million Baht.