Ministry preps tax schemes for SMEsThe Finance Ministry is preparing tax reduction measures for large businesses that help bring small and medium-sized enterprises (SMEs) into their supply chains, in a bid to help upgrade local SMEs. Speaking at a Federation of Thai Industries (FTI) seminar yesterday, caretaker finance minister Ekniti Nitithanprapas said SMEs are a key pillar of the government's "Quick Big Win" policy, which aims to transform SMEs by enhancing their competitiveness. In addition, he said the ministry will introduce tax incentives under a "Big Brother Helps Little Brother" scheme, whereby large enterprises that incorporate SMEs into their supply chains and help develop them will be eligible for tax deductions. SMEs eligible for government support must be vetted by the Thai Chamber of Commerce and the FTI to ensure they are genuine SMEs and not large firms posing as smaller entities. On the financial side, the government plans to promote SMEs' access to formal funding sources.

Source: Bangkok Post March 21, 2026 01:05 UTC