Tax benefits for SME's, the general corporate tax rate on the net profit in Thailand is 30% for companies with a paid up share capital of more than 5 Million Thai Baht. The government has reduced corporate income tax rates to promote specific business sectors and small and medium enterprises. Enterprises qualify as small and medium-sized enterprises (SMEs) if the paid up share capital does not exceed 5 million baht. The tax rate for companies with a paid up share capital not more than 5 Million Thai Baht at the end of its tax year shall be taxed over the net profit at rate of 15% over the first one million Thai Baht profit, 25% over the profit between one million and three million and 30% for profits over three million Thai Baht