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Corporate Tax

Corporate Tax

Personal Income Tax Rates

Taxable Income
(baht)

Marginal Taxable income
(baht)

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
(Baht)

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
(Baht)

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%


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