Thailand Corporate Income Tax Rates
On 04 Mar 2016, Revenue Code Amendment Act (No 42) BE 2559 was gazetted, putting into effect the Government's resolution to reduce the prescribed standard rate of corporate income tax in the Revenue Code from 30% to 20% for the 2016 and later financial years. This tax law guide has been updated for this law change.
Standard Rate of Corporate Tax
Unless a Thailand corporate entity is entitled to pay tax at reduced rates of corporate tax, the following standard rate of corporate tax applies.
The standard rate also applies to a foreign entity that is carrying on business in Thailand - either through a registered branch office or a deemed permanent establishment in Thailand.
(1) As prescribed in Royal Decree (No 530) issued on 14 Dec 2011 and Royal Decree (No 577) issued on 03 Nov 2014.
(2) As prescribed in Revenue Code Amendment Act (No 42) issued on 03 Mar 2016.
Reduced Rate of Corporate Tax for Certain Entities
For certain types of corporate entities, such as for example the following, reduced rates of corporate income tax apply:
This Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.