Corporate Tax
Personal Income Tax Rates
Taxable Income | Marginal Taxable income | Tax Rate (%) |
0 – 150,000 (2008 onwards) | 150,000 | Exempt |
150,001 – 500,000 | 350,000 | 10 |
500,001 – 1,000,000 | 500,000 | 20 |
1,000,001 – 4,000,000 | 3,000,000 | 30 |
4,000,001 and over | 37 |
Standard Rate
Unless Thailand registered companies are entitled to reduced rates of corporate income tax because of specific reasons, they are subject to the standard rate of corporate income tax, as follows.
Net Profit Amount | 2012 | 2013 | 2014 |
All net profits over 1 baht | 23% | 20% | 20% |
Small and Medium Enterprises
Companies that qualify as an SME are entitled to the following reduced rates of corporate tax.
For the 2012 financial year onwards, the qualifications for an SME are that the company has paid up capital of no more than 5 million Baht at the end of its accounting period and has income of no more than Baht 30 million for the accounting period.
Net Profit Amount | 2012 | 2013 | 2014 |
Up to 150,000 | Exempt | Exempt | Exempt |
150,000 – 1 million | 15% | 15% | 15% |
1 million – 3 million | 23% | 20% | 20% |
Over 3 million | 23% | 20% | 20% |
Corporate Services
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