Larger base could cut rate

Business > Economics

CORPORATE TAXATION

Published: 13/02/2012 at 03:11 AM
Newspaper section: Business

Thailand's corporate tax rate could drop to just 15% if efforts to expand the tax base are successful, says Satit Rungkasiri, director-general of the Revenue Department.

He said a larger tax base would allow authorities to cut the corporate tax rate without hurting government revenues.

Equally important, a lower tax rate would allow Thailand to compete better in the future, particularly following the launch of the Asean Economic Community in 2015, when cross-border barriers on capital, labour and goods are due to fall.

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