Corporate Income Tax Reduction for SMEs
Details: In 2023, Thailand introduced a reduced Corporate Income Tax rate for SMEs to stimulate growth. Eligible businesses can enjoy
Reduced Capital Requirement for Foreign Businesses
Details: Recent changes by the Thailand Board of Investment (BOI) have reduced the minimum capital requirement for some foreign-owned businesses
Amendments to Corporate Registration Requirements
Details: The Thai Department of Business Development (DBD) now requires companies to declare their beneficial owners and to renew business
Introduction of Mandatory Risk-Based Audits
Details: The Thai Securities and Exchange Commission (SEC) has mandated that listed companies and certain high-risk sectors conduct risk-based audits
Mandatory e-Tax Invoicing and e-Receipts for SMEs
Details: Thailand’s Revenue Department mandates that SMEs adopt e-tax invoicing and e-receipts by 2025 to enhance tax compliance. Impact: SMEs