The Thailand tax law treats a Company Tax Structure only as a profit-seeking entity and because of that, it is subject to all the income and transaction taxes that apply to profit-seeking entities in Thailand.

Choosing a Company Structure for any not-for-profit business activity in Thailand may not be the right structuring choice.

Thailand Taxes Payable by a Company

A summary of the taxes that Company structures in Thailand are subject to (and which the Thailand Revenue Department tax audit offices expect to receive from Company structures in Thailand) is as follows:

Corporate Income Tax		Corporate income tax on the net profits of the company
Domestic Withholding Tax		Withholding tax on payments of income to recipients in Thailand
International Withholding Tax		Withholding tax on payments of income to recipients in foreign countries
Personal Withholding Tax		Personal withholding tax on payments of income to employees of the company
Profits Remittance Tax		Withholding tax on payments of dividends to the shareholders of the company
Specific Business Tax		Specific business tax (instead of VAT) on certain types of income transactions
Stamp Duty Tax		Stamp duty tax on an execution of various instruments
Value Added Tax		Value added tax on sales of goods and on services in Thailand and imports of goods and services into Thailand

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