Tag Archive: reduction

  1. Corporate Tax Reduction Options for SMEs

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    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.

  2. Discussion about Reduction of BOI Promotion Continues

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    Following a controversial debate, the Thai Board of Investment (“BOI”) has decided to postpone the implementation of a new BOI policy which was scheduled to be announced in March and to come into effect in June this year.

    The BOI earlier gave notice of its intention to change their foreign investment promotion policy following a Cabinet resolution dated 11 October 2011, and asked for comments and recommendations from the private sector. The proposals have been presented as a draft and are subject to further revision. However, foreign investors are alarmed – if the changes are realized, they will result in significant cutbacks in the overall volume of BOI incentives and a fundamental change of the BOI policy.