The Cabinet of Thailand approved certain corporate tax rate limits for small and medium-sized enterprises (SMEs) on 8 September 2015. The corporate tax rate limits are as follows:
| Annual net profit (THB) | Current tax rate (%) | Approved tax rate (%) |
| Up to 300,000 | Exemption | Exemption |
| 300,001-3,000,000 | 15 | 10 |
| Over 3,000,000 | 20 | 10 |
The new corporate income tax limit will become effective as from beginning of 1 January 2015 to 31 December 2016. Also, a five-year corporate income tax exemption will be given to qualifying SMEs that invest in innovation and technology.
