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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