fbpx

Corporate Income Tax

Thai Taxation/ What is due for corporate income tax in Thailand?
hero
hero
hero
hero

Organizations liable to Thailand Corporate Income Tax appear hereinafter: Thai partnership or limited companies incorporated under Thai laws.

Foreign Companies which: Are deemed to carry on business on the Thai territory; Carry on business in Thailand; Do not carry on business on the Thai territory but generating certain types of income from Thailand such as dividends, rents, service fees, interests or professional fees. Taxable profits are based on the sum of all revenues less deductible expenses during the fiscal year:

Corporate Income Tax is tax due by Partnerships and Limited Companies carrying on business on the Thai territory or generating incomes from activities performed in Thailand
Consult With specialist

Corporate Income Tax in Thailand

Deductible Expenses

Ordinary and necessary expenses with special the rates appearing hereinafter:
  1. Deduction of 200% on equipment invested for the disabled.
  2. Deduction of 200% on Research and Development costs.
  3. Deduction of 200% on training costs.
  • Interests, excluding interests on capital reserves or funds of the company. Taxes except VAT and CIT.
  • Net losses carried forward (5 years).
  • Wear and tear.
  • Donations: no more than 2% of net profits.
  • Bad Debts only if a procedure has been launched to the court of Thailand.
  • Provident fund contributions.
  • Entertainment costs up to 0.3% of gross incomes and not exceeding THB 10M.
  • Annual Asset Depreciation according to authorized rates
Tax Payer
Tax Buyer
Rate (%)
Companies not appearing below
Fiscal Profit
20
Small companies with a paid-up capital not exceeding
THB 5M Baht and income less than THB 30M
Fiscal profit not exceeding 0.15m Baht
Exempt
Fiscal profit over THB 0.15M and less than THB 1M
15
Fiscal profit more than THB 1M and less than THB 3M
20
Fiscal profit more than THB 3M
20
Foreign companies not leading activities in Thailand but receiving dividends
Gross dividends
10
Foreign companies not leading activities in Thailand and receiving incomes other than dividends
Gross receipts
15
Foreign company remitting profit out of Thailand
Amount remitted
10
Regional Operating Headquarters (ROH)
Net profit
10
BOI Licensed companies
Net profit
0

Testimonials

PHB Asia

Anthony Poulain

B-Accounting consistently delivers exceptional service punctually. It is reliable, thorough, and adept at presenting various scenarios to clarify any situation.
HelloSourcing Asia Co., LTD

Sylvain Balieu

I had the pleasure of working with B-Accounting, and I cannot recommend them highly enough. They are exceptional account managers who meticulously attend to the details of each operation. Their reliability and trustworthiness are unmatched, making every collaboration a seamless and enjoyable experience.
Rocket Internet

Felipe Kasinsky

I worked with Vincent while at Easy Taxi. His company, B-Accounting, provided us with accounting seravices. While dealing with him and his staff, I did not have to worry about my accounts at all. His company made sure that all the accounts were up to date and that all reports were delivered on time. All of this at a very reasonable cost. I strongly recommend working with Vincent and his firm for accounting services.
Moxy by Orami

Anne Belveze

It is with much pleasure that I recommend Vincent. I know Vincent since 2014. We outsourced our full accounting as well as our management reporting with B-Accounting. I deeply appreciated his accuracy, responsiveness in the exchanges and strict respect of the deadlines. Vincent is a great professional with strong international and local financial expertise.

Related Tax Services

Withholding Taxes

Value Added Tax

Personal Income Tax