The tax authorities in Thailand have clarified and expanded on the “tax audit exemption program” announced in early 2016 for small and medium size entities (SMEs).
The program basically aims to provide incentives for SME taxpayers to regularize their tax affairs on a forward-looking basis, by providing protection from tax audits. Since being announced earlier this year, the tax authorities have expanded on the guidelines. Among the clarifications are the following:
Under the program, the following periods will be exempt from tax audits and investigations (other than those that are specifically excluded) in respect of:
Read a February 2016 report prepared by the KPMG member firm in Thailand: Update on the ‘tax audit exemption program’ for taxpayers
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