SMEs 'first to benefit' from deductions | Bangkok Post: business

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SMEs 'first to benefit' from deductions

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Small and medium-sized enterprises (SMEs) will likely benefit from the Revenue Department's planned increase in tax-deductible expenses for individual taxpayers, as they should be the first group whose tax receipts and invoices are eligible. 

The higher deductions are expected to be implemented in the 2014 tax year to be filed in 2015.

Director-general Sutthichai Sangkamanee said his department will initially allow tax receipts and invoices of SMEs to be used as proof of their tax claims.

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