The cabinet of Thailand has approved a royal decree reducing corporate and personal income tax for the year 2015. The reduced tax rate for companies having net profit over THB1m (USD31,000) will be 20% for the year 2015 which was 23% in the tax year 2014 & 2013.
The top rate of personal Income tax will also be reduced at 35% for annual incomes over THB4m (USD124, 000) which was 37% in the year 2014 & 2013.
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