Cabinet Cuts Corporate Income Tax

The Bangkok Post reported on 11 October 2011 that Thailand's cabinet has approved a cut in corporate income tax as proposed by the Ministry of Finance, Deputy Finance Minister Boonsong Teriyapirom.

Corporate income tax will be reduced from 30% to 23% in 2012 and to 20% in 2013, Mr. Boonsong said. Details of the tax cuts can be found here.