On 8 September 2015, the Thai Cabinet approved a financial and fiscal stimulus scheme to support SMEs. Two of the main measures include a temporary cut in the corporate tax rate to 10% and a tax holiday incentive for new start-ups in certain industries.
The 10% reduced rate applies for two consecutive tax periods: the period starting 1 January 2015 and the period ending 31 December 2016. Income up to THB 300,000 remains exempt as per the standard SME regime.
The tax holiday is a 5-year corp…