Lock corporate tax at 20%, says Revenue | Bangkok Post: business

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Revenue proposes tax policy to NCPO

Lock corporate tax at 20%, says Revenue

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The Revenue Department has proposed to the National Council for Peace and Order that the current 7% value-added tax (VAT) rate be extended for another year and that a royal decree be issued to set the corporate income tax rate permanently at 20%. 

Revenue Department director-general Sutthichai Sungkamanee said on Monday his department proposed that VAT to be extended at 7% for another year from Sept 30, 2014. The VAT ceiling is set by legislation at 10%.

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