According to recent reports, Thailand is considering a proposal for new progressive tax rates for small and medium-sized enterprises (SME). The rates proposed rates are: 5% on profit up to THB 5 million 10% on profit over THB 5 million up to THB 10 million 15% on profit over THB 10 million up to THB 20 million 20% on profit over THB 20 million Reduced rates already apply for SMEs with paid up capital of THB 5 million or less, and annual turnover not exceeding THB 30 million in any accounting period. For qualifying SMEs the first THB 300,000 is...