Thailand's standard corporate income tax rate is 20% of net profits. Smaller companies with modest profits qualify for progressive reliefs, and BOI-promoted projects can receive corporate income tax holidays for a period determined by their activity category.
Value-added tax (VAT) applies at 7% to most goods and services; businesses above the threshold register for VAT and file monthly. Withholding tax applies to certain payments such as services and dividends. Thailand taxes companies on income earned in Thailand, with foreign income of Thai companies becoming taxable under conditions that have tightened in recent years.
Keep reading
More questions, answered
Information on investment, BOI, taxation, immigration, company structures and regulations is provided for general information only and should be independently verified with qualified Thai professionals and the relevant government authorities.