Thailand Corporate Tax Structure
A comprehensive overview for compliance and optimization
01. CIT Rates
- General Rate: 20%
- SMEs:
- Profit ≤ 300,000 THB: Exempt
- 300k – 3M THB: 5%-15%
- Over 3M THB: 20%
02. BOI Privileges
Incentives for promoted sectors (Tech, Green Energy, Biotech):
- Tax Exemption (0%) for 3-13 years.
- Import duty exemptions on machinery.
Strategic Advice
Apply for BOI promotion or consider SEZs for maximum benefits.
03. Withholding Taxes
- Dividends: 10%
- Interest/Royalties: 1-15%
- Service Payments: 3%
Strategic Advice
Leverage Thailand’s 60+ Double Taxation Agreements (DTAs).
04. VAT & SBT
- Standard VAT: 7% (0% for exports)
- SBT: 3-5% (Banking & Real Estate)
Strategic Advice
VAT registration is mandatory if revenue exceeds 1.8M THB/year.
05. Transfer Pricing
- Required for revenue > 200M THB.
- Debt-to-Equity: Max 3:1 ratio.
Strategic Advice
Prepare TP documentation early to avoid heavy penalties.
06. Tax Filing
- Annual: Within 150 days of fiscal end.
- Interim: Every 2 months (25% estimate).
Strategic Advice
Utilize tax loss carry-forwards (up to 5 years).
Expert Tax Advice & Consultation
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