CORPORATE TAX

A Thai Company generally pays tax at 30% of Net profit. However, some types of company are entitled to a rate reduction.

•  Small business with paid up capital less than 5 million baht

20% of Net profit < 1 million baht

25% of Net profit 1-3 million baht

•  Company registered in the Stock Exchange of Thailand (SET)

25% of Net profit < 300 million baht

•  Newly registered company in the stock exchange of Thailand (SET) and Market for alternative Investment (MAI)

25%of Net profit for newly registered company in SET

20% of Net profit for newly registered company in MAI

•  Bangkok International Banking Facility and Regional Operating Headquarters

10% of Net profit from qualified income

•  Association and foundation

2% or 10% on gross receipts

WITHOLDING TAX

PERSONAL INCOME TAX is applied on a graduated scale as follows;

Other types of taxable income and the rate of standard deduction include:
. Interest, dividends, capital gains on the sale of securities: Forty percent but not exceeding 60,000 baht.
. Rental income: Ten percent to 30 percent depending on type of property leased.
. Professional fees: Sixty percent for income from medical practice, 30 percent for others.
. Income derived by contractors: Seventy per cent.
. Income from other business activities: Sixty-five percent to 85 percent depending on the nature of the business activity. 

The following annual personal allowances are permitted:

PROPERTY PURCHASE Tax Summary:

The above taxes are typically calculated on the Lands Department appraised value or the sale price whichever the higher