Tax revenue in 2013 to decrease by B80bn | Bangkok Post: business

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Tax revenue in 2013 to decrease by B80bn

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Tax revenue in fiscal 2013 will shrink by an estimated 80 billion baht under the government's policy of reducing corporate income tax, says the Revenue Department. 

The tax, which stood at 30% for decades, was reduced to 23% in July and will be further cut to 20% on Jan 1.

Taxpayers are allowed to submit corporate income tax submissions twice a year - June 30 and Dec 30.

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