IN 2013, the government reduced the corporate income tax rate from 30 per cent to 20 per cent as a tax incentive for international companies to invest in Thailand. However, while the tax rate was reduced, the withholding tax rate remained the same. This has resulted in a greater demand for withholding tax refunds.

THERE IS ONLY one month left to invest in LTF and RMF funds, the two popular long-term investment choices for retirement wealth creation with tax-saving privilege. Speaking of LTF & RMF, most first-time investors still primarily think of investing to reduce taxes. Indeed, there are many factors that first-timers should be aware of before investing by the year-end.