Thai Gov’t Plans Tax Breaks for Large Companies Helping SMEs

Large Thai corporations that help the country’s small and medium-sized enterprises may soon enjoy tax breaks, reports the Bangkok Post, citing Finance Minister Apisak Tantivorawong.

According to the Post, Apisak said that large companies may request deduction of one or two times higher than normally expensed items.

Some of the items the Post listed include “providing advice on how to improve accounting standards, supporting SMEs with computer software and programmes, or being a loan guarantor.”

"If we can upgrade perhaps 500,000 or 1 million firms to be stronger players, that will be a powerful driving force for the economy," said Apisak. 

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