The Finance Ministry will today propose to the Cabinet six key measures to help small and medium-sized enterprises in the new year.
A ministry source said the six measures would be effective from January 1 if approved.
The first is the reduction of corporate income tax to 15 per cent for SMEs whose annual net income is not higher than Bt3 million, and 20 per cent for those above that level. Currently, businesses that earn Bt1 million and higher annually are levied corporate income tax of 20 per cent, while those whose net income is not higher than Bt300,000 per annum are tax-exempt.