We wish to bring to your attention two new Government Regulations, issued by Royal Acts which came into effect from the 1st of January, 2016, to encourage the taxpayers to be in good standing, by waiving tax audits/investigations, tax assessments and payment enforcement for all taxes revenue (corporate income tax, value added tax, specific business tax and stamp duty), namely:
Exemption and support of Tax Operations under the Revenue Code, 2558 B.E., as per the attached translated text
And in addition, a Tax Exemption Law which benefits SMEs, by waiving the Corporate Income Tax, namely:
- Royal Decree number 595 as per attached translated summary.
In view of the above opportunity, please advise if you wish to adhere to the proposal(s) and to assign this company to prepare the necessary documents and apply on your behalf.