Corporate Income Tax Rates
28 September 2015 (1,044 View)

The corporate income tax rate in Thailand is 20% on net profit. However, the rates vary depending on types of taxpayers.


Taxpayer Tax Base Rate (%)


 
Taxpayer Tax Base Tax Rate (%)
1. Small company (any company with paid-up capital less than 5 million baht at the end of each accounting period) - Net profit not exceeding   300,000 baht​
- Net profit  300,001-3 million baht
- Net profit over 3 million baht
Exempt

15%

20%

 
2. Companies listed in Stock Exchange of Thailand (SET)
 
Net profit 20%
3. Companies newly listed in Stock Exchange of Thailand (SET)
 
Net profit 20%
4. Company newly listed in Market for Alternative Investment (MAI)
 
Net profit 20%
5. Bank deriving profits from International Banking Facilities (IBF)
 
Net Profit 10%
6. Foreign company engaging in international transportation
 
Gross receipts 3%
7. Foreign company not carrying on business in Thailand receiving dividends from Thailand
 
Gross receipts 10%
8. Foreign company not carrying on business in Thailand receiving other types of income apart from dividend from Thailand
 
Gross receipts 15%
9. Foreign company disposing profit out of Thailand.
 
Amount disposed 10%
10. Profitable association and foundation Gross receipts 2% or 10%
  
            .   

 
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