Month: January 2009

On 21 January 2009,Thai Cabinet has approved several tax measures to stimulate thai economics during the economics crisis.   Summary of key tax measures,effective retrospectively on January 1, 2009, follows : 1. Increase of the minimum assessable income (other than salary income) for individuals or a group of individuals that is subject to 0.5% income tax from THB 60,000 to THB 1 million. The individuals or group of individuals who earn less than THB 1 million would not be subject to income tax. 2. Increase amount of assessable income that is exempt for corporate income tax from THB 1.2 million to THB 1.8 million for the income earned in 2009 and 2010. 3. Extension of tax privileges to venture capital funds which invest in Small-Medium Enterprise(SME) for another 3 years to 2011. 4. Increase tax privileges to individuals who buy houses […]