A law has been announced by the government to waive tax audits and penalties for previous tax infringements of small and medium-sized enterprises (SMEs), with an annual income of less than THB 500 million (approx. EUR 12.5 million). This “Tax Amnesty” scheme requires a registration with the Revenue Department until 15 March 2016. Registered SMEs are further eligible for certain tax reductions and exemptions if they fulfil some additional criteria.