Thailand Dividend Income Personal Tax
From 20 June 2012, Royal Decree (No 538) provides Thailand resident individuals with an entitlement to exclude from their personal income tax computations, dividend income that is received from foreign companies listed on the Thailand Stock Exchange. This Tax Insight has been updated to reflect this new entitlement.
Thailand's personal income tax law treats dividends received by individuals as assessable (taxable) income subject to personal income tax, but it also provides individuals with a right to exclude dividends received from their personal tax returns when conditions are met.
A summary of Thailand dividend income tax for resident and non-resident individuals is as follows:
Dividend Income Tax for Resident Individuals
* Resident individuals receiving dividends with 10% withholding tax having been deducted are entitled to exclude the dividend income for their personal income tax computations (i.e. they are entitled to treat the 10% withholding tax as a final tax).
Dividend Income Tax for Non-Resident Individuals
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.