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    • Thailand Company Tax Rate

    Thailand Company Rate is set by the Department of Revenue, the current rates are listed below as of December 2011.

    The corporate income tax rate in Thailand is 30% on net profit. However, the rates vary depending on types of taxpayers.

    Taxpayer Tax Base Rate
    1. Small company1 - Net profit not exceeding 1 million baht

    - Net profit over 1 million baht but not exceeding 3 million baht

    - Net profit exceeding 3 millionbaht

    		 15%

    25%

    30%
    2. Companies listed in Stock Exchange of Thailand (SET) - Net profit for first 300 million baht

    - Net profit for the amount exceeding 300 million baht

    		 25%230%
    3. Companies newly listed in Stock Exchange of Thailand (SET) Net Profit 25%3
    4. Company newly listed in Market for Alternative Investment (MAI) - Net Profit for first 5 accounting- Net Profit after first 5 accounting periods 20 %30 %
    5. Bank deriving profits from International Banking Facilities (IBF) Net Profit 10 %
    6. Foreign company engaging in international transportation Gross receipts 3%
    7. Foreign company not carrying on business in Thailand receiving dividends from Thailand Gross receipts 10%
    8. Foreign company not carrying on business in Thailand receiving other types of income4 apart from dividend from Thailand. Gross receipts 15%
    9. Foreign company disposing profit out of Thailand. Amount disposed. 10%
    10. Profitable association and foundation. Gross receipts. 2% or 10%
    Notes:
    1

    A small company refers to any company with paid-up capital less than 5 million baht at the end of each accounting period.
    2

    The reduced rate applies for currently listed companies for 3 accounting periods from 2008-2010.
    3

    The reduced rate applies for newly listed companies for 3 accounting periods from 2008-2010
    4

    These incomes are

    • income by virtue of jobs, positions or services rendered;
    • part of value received from the amalgamation, acquisition or dissolution of juristic companies or partnerships which exceeds the cost of investment;
    • part of the proceeds derived from transfer of partnership holdings, shares, debentures, bonds, or bills or debt instruments issued by a juristic company or partnership or by any other juristic person, which exceeds the cost of investment; and
    • income specified in c and d in Table 1.1.