Corporate Income Tax

What is due for Corporate Income Tax in Thailand?

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

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 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
Companies not appearing belowFiscal Profit20%
Small companies with a paid-up capital not exceeding THB 5M Baht and income less than THB 30MFiscal profit not exceeding 0.15m BahtExempt
Fiscal profit over THB 0.15M and less than THB 1M15%
Fiscal profit more than THB 1M and less than THB 3M20%
Fiscal profit more than THB 3M20%
Foreign companies not leading activities in Thailand but receiving dividendsGross dividends10%
Foreign companies not leading activities in Thailand and receiving incomes other than dividendsGross receipts15%
Foreign company remitting profit out of ThailandAmount remitted10%
Regional Operating Headquarters (ROH)Net profit10%
BOI Licensed companiesNet profit0%


Felipe Kasinsky Rocket Internet
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. 17/03/2020
Anne Belveze Moxy by Orami
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. 17/03/2020

We serve leading businesses operating in Thailand


Get A Quote

Contact us now and we will get back to you within 24 hours - guaranteed! The B-Accounting team of experienced, knowledgeable professionals is ready to help.