Annual Report 2017

164 Annual Report 2017 the approval of the SEC, at the same rate that the SEC charge from listed companies who issued securities and submit report to the SEC according to clause 56 of the SEC Act. In 2017, the SET Board of Governors was resolved to cancel the additional fees as prescribed by the Office of the Securities and Exchange Commission in order to comply with the Securities and Exchange Act (No. 5) BE 2559, effective from 12 December 2016. However, if there is an event changes or problems of implementation during the period, terms and conditions may be revised. The Board of the SEC also required Thailand Future Exchange Public Company Limited (subsidiary) to pay the fee of derivatives trading exchange. The rate for year 2017 - 2019 is Baht 2 million per annum. 32. Other expenses 33. Income tax expense According to the Director-General of the Revenue Department’s Notification (No. 271) on Income Tax, SET has been defined as a company or juristic partnership under section 39 of the Revenue Code. As a result, SET will have to be responsible for corporate income tax effective on 9 August 2016, starting from the day after the announcement in The Royal Thai Government Gazette onwards. (Unit: Baht’000) Consolidated SET 2017 2016 2017 2016 Fees and compensation expenses 86,757 75,958 116,276 75,838 Travelling and vehicle expenses 38,562 30,386 36,650 30,386 Contributions to capital market institutions 28,913 26,465 28,913 36,367 Institution membership fees 4,948 4,982 3,864 4,207 Meeting expenses 3,664 3,884 3,586 3,786 Entertainment expenses 1,896 2,052 1,895 2,127 Other expenses 14,608 9,070 8,350 8,121 179,348 152,797 199,534 160,832 Consolidated SET 2017 2016 2017 2016 Current income tax Current income tax 501,403 284,799 333,992 133,853 Total current income tax 501,403 284,799 333,992 133,853 Deferred income tax Origination and reversal of temporary differences 2,326 (54,185) 1,032 (52,698) Total deferred income tax 2,326 (54,185) 1,032 (52,698) Total income tax 503,729 230,614 335,024 81,155 (Unit: Baht’000)