Also effective 1 January 2008 (i.e. from and including the 2008 accounting period) the first THB 150,000 of a Small and Medium Enterprise’s taxable income is exempt from corporate income tax.  An SME is a Thai company having paid up capital of not more than THB 5 million at the end of its accounting period.

The corporate income tax rates for an SME are now as follows:

Taxable Income

Tax Rate

0 – 150,000

0%

150,001  – 1,000,000

15%

1,000,001 – 3,000,000

25%

3,000,001 –

30%