Manit : Are you saying that if I don’t make a profit during the first year of my
business, I don’t have to pay corporate income tax?
Accountant : Yes, that’s right. Actually, not just in the first year, if you don’t make a
Profit in any year, you don’t have to pay this tax.
Manit : If I make a profit, how much corporate income tax do I have to pay?
Accountant : Normally, 30 percent of the profit. However, if you are a Small and
Medium Enterprise (SME), you are going to pay a lower rate. You also have to pay other taxes. Um, I think we need to talk with a tax officer in detail. Please follow me. I will take you to meet him.
Manit : Are you saying that if I don’t make a profit during the first year of my business, I don’t have to pay corporate income tax? Accountant : Yes, that’s right. Actually, not just in the first year, if you don’t make a Profit in any year, you don’t have to pay this tax.Manit : If I make a profit, how much corporate income tax do I have to pay?Accountant : Normally, 30 percent of the profit. However, if you are a Small and Medium Enterprise (SME), you are going to pay a lower rate. You also have to pay other taxes. Um, I think we need to talk with a tax officer in detail. Please follow me. I will take you to meet him.
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