On 1 January 2016, Thailand published two Royal Decrees in the Official Gazette, which introduce a new tax amnesty program and provide a related extension of the corporate tax exemption for SMEs. The measures are meant to encourage tax compliance. Tax Amnesty The tax amnesty program provides for an exemption from additional corporate tax, value added tax, specific business tax and stamp duty tax, and any related penalties and fines for the 2015 and prior tax years. The program is available for Thai companies with annual gross revenue up to THB 500 million (~USD 13.8 million) in the tax year...