On 27 January 2017, The Government Gazette published The Royal Decree issued under the Revenue Code re: Exemption from Revenue Taxes (No. 630) B.E. 2560 to exempt corporate income tax to juristic persons whose paid up capital is no more than 5 million Baht, earns no more than 30 million Baht which are registered during 10 August 2016 to 31 December 2017 for expenses related to registration of companies or juristic partnerships, accounting fees, and audit fees for five consecutive accounting periods from the accounting period in which the companies or juristic partnerships are registered.
This tax incentive shall be in effect on 28 January 2017.
Source: The Government Gazette, Volume 134 Part 12Kor, Page 38, 27 January 2017.