How high are the corporate income tax in Thailand?
Corporate income tax is at the rate of 15% if net profit is at least 300,000 to 3 million baht or at the rate of 20% if net profit is more than 3 million baht.
- Rate may be lower that 15% under special circumstances depending on how the income is sourced
- Dividends are also taxed at the rate of 10%
- For purposes of payment of CIT, companies will have to estimate their annual profit and pay half of the estimated tax liability within two months after the first half of its accounting period
What Double-tax treaties has Thailand?
Similar to other jurisdictions, Thailand also have Double Taxation Agreements (DTAs) with various countries, to with:
Armenia, Australia, Austria, Bahrain, Bangladesh, Belarus, Belgium, Bulgaria, Cambodia, Canada, Chile, China, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain and Northern Ireland, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Kuwait, Luxembourg, Malaysia, Mauritius, Myanmar, Nepal, Netherlands, New Zealand, Norway, Oman, Pakistan, Philippines, Poland, Romania, Russian, Seychelles, Singapore, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Chinese Taipei, Tajikistan, Turkey, Ukraine, United Arab Emirates, United States of America, Uzbekistan, Vietnam