Corporate Income Tax Rates

Corporate Income Tax Rates


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 (%)


 

TaxpayerTax BaseTax 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 profit20%
3. Companies newly listed in Stock Exchange of Thailand (SET)
 
Net profit20%
4. Company newly listed in Market for Alternative Investment (MAI)
 
Net profit20%
5. Bank deriving profits from International Banking Facilities (IBF)
 
Net Profit10%
6. Foreign company engaging in international transportation
 
Gross receipts3%
7. Foreign company not carrying on business in Thailand receiving dividends from Thailand
 
Gross receipts10%
8. Foreign company not carrying on business in Thailand receiving other types of income apart from dividend from Thailand
 
Gross receipts15%
9. Foreign company disposing profit out of Thailand.
 
Amount disposed10%
10. Profitable association and foundationGross receipts2% or 10%
  
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