|
Corporate Income Tax
|
Rate
|
|
A. Tax on net corporate profits
|
|
|
(1) Ordinary company
|
30%
|
|
(2) Small company (paid up capital <5m baht)
|
|
|
- Net profit over 1 baht but not > 150,000 baht
|
Exempt
|
|
- Net profit over 150,001 baht but not > 1 m baht
|
15%
|
|
- Net profit over 1m baht but not > 3m baht
|
25%
|
|
- Net profit exceeding 3m baht
|
30%
|
|
(3) Company listed in Stock Exchange of Thailand (SET)
|
|
|
- Net profit for first 300m baht
|
25%
|
|
- Net profit for the amount exceeding 300m baht
|
30%
|
|
(4)1 Company listed in Market for Alternative Investment (MAI)
|
|
|
- Net profit for first 20m baht
|
20%
|
|
- Net profit for the amount exceeding 20m baht
|
30%
|
|
(5)2 Company newly listed in Stock Exchange of Thailand (SET)
|
|
|
- Net profit for first 3 accounting periods
|
25%
|
|
- Net profit after first 3 accounting periods
|
30%
|
|
(6)2 Company newly listed in Market for Alternative Investment (MAI)
|
|
|
- Net profit for first 3 accounting periods
|
20%
|
|
- Net profit after first 3 accounting periods
|
30%
|
|
(7) Regional Operating Headquarters (ROH)
|
10%
|
|
(8) Bank deriving profits from International Banking Facilities (IBF)
|
10%
|
|
B. Tax on gross receipts
|
|
|
(1) Association and foundation
|
|
|
- For income under Section 40 (8)
|
2%
|
|
- Otherwise
|
10%
|
|
(2) Foreign company engaging in international transportation
|
3%
|
|
C. Remittance tax
|
|
|
Foreign company disposing profits out of Thailand
|
10%
|
|
D. Foreign company not carrying on business in Thailand but receiving income from Thailand
|
|
(1) Dividends
|
10%
|
|
(2) Interests
|
15%
|
|
(3) Professional fees
|
15%
|
|
(4) Rents from hiring property
|
15%
|
|
(5) Royalties from goodwill, copyright and other rights
|
15%
|
|
(6) Service fees
|
15%
|
Notes: 1 For three fiscal year-end (2007-2009)
2 Net profits for 3 consecutive accounting periods, tax rates are applied to Royal Decree issued under the Revenue Code No. 475
|
Personal Income Tax
|
|
|
Level of taxable income (baht)
|
Rate
|
|
1- 150,000
|
exempt
|
|
150,001 - 500,000
|
10%
|
|
500,001 - 1,000,000
|
20%
|
|
1,000,001 - 4,000,000
|
30%
|
|
Over 4,000,000
|
37%
|
Notes:— Expatriates working for an ROH can elect to be taxed at the rate of 15% for 4 years instead of normal progressive tax rates.
|
Withholding Tax from Bank Deposits
|
Rate
|
|
A. For individuals
|
15%
|
|
B. For companies
|
1%
|
|
C. For foundations
|
10%
|
|
Value Added Tax
|
Rate
|
|
Level of taxable income
|
|
|
Over 1,800,000 baht
|
7%
|
|
Deposit or loan of foreign currency provided solely for overseas lending
|
|
|
Corporate Income Tax
|
|
|
Foreign company not carrying business in Thailand
|
Exempt
|
|
Foreign bank, including branch or representative office in Thailand
|
Exempt
|
|
Personal Income Tax
|
|
|
Foreigner with overseas domicile
|
Exempt
|
|
Double Taxation Agreements exist with the following countries:
|
|
Armenia, Australia, Austria, Bahrain, Bangladesh, Belgium, Bulgaria, Canada, China, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Hong Kong, Hungary, India, Indonesia, Israel, Italy, Japan, Korea, Kuwait, Laos, Luxembourg, Malaysia, Mauritius, Nepal, the Netherlands, New Zealand, Norway, Oman, Pakistan, the Philippines, Poland, Romania, Seychelles, Singapore, Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Turkey, Ukraine, United Arab Emirates, United Kingdom of Great Britain and Northern Ireland, United States, Uzbekistan, and Vietnam
|
Source: Revenue Department, as of July 9, 2009
Website: www.rd.go.th
Excise Tax
|
Product
|
Tax Rate
|
|
Petroleum products
|
|
|
Gasoline
|
|
|
Unleaded Gasoline
|
7.00 baht per liter
|
|
Gasoline except Unleaded Gasoline
|
7.00 baht per liter
|
|
Gasohol E10
|
6.30 baht per liter
|
|
Gasohol E20
|
5.60 baht per liter
|
|
Gasohol E85
|
1.05 baht per liter
|
|
Kerosene
|
|
|
Kerosene and similar lighting oils
|
3.055 baht per liter
|
|
Fuel for jet aircraft
|
|
|
Used for international jet aircraft
|
3.00 baht per liter
|
|
Used for domestic jet aircraft
|
0.20 baht per liter
|
|
Used for others
|
exempt
|
|
Diesel
|
|
|
Diesel with sulphur over 0.35% in weight
|
5.31 baht per liter
|
|
Diesel with sulphur not over 0.35% in weight
|
5.31 baht per liter
|
|
Diesel with Methyl ester of fat not over 4% in weight (Biodiesel)
|
5.04 baht per liter
|
|
Liquefied petroleum gas (LPG), propane gas and similar gas
|
|
|
LPG, liquid propane and similar gas
|
2.17 baht per kg
|
|
Natural gas liquid (NGL) and similar gas
|
|
|
NGL and similar gas
|
3.15 baht per kg
|
|
Furnace oil and similar oil
|
|
|
Furnace oil and similar oil
|
5%
|
|
Mixed Bitumen products used as fuel
|
|
|
Mixed Bitumen products used as fuel
|
12%
|
|
Hydrocarbon solvent
|
|
|
Hydrocarbon solvent according to dept. regulations
|
30%
|
|
Non-alcoholic beverages
|
|
|
Soda
|
25%
|
|
Other soft drinks
|
20%
|
|
Electrical appliances
|
|
|
Air-conditioners, capacity not over 72,000 BTU/hr
|
15%
|
|
Chandeliers with lead crystal
|
15%
|
|
Glasses and Glassware
|
|
|
Lead crystal products
|
15%
|
|
Motor vehicles
|
|
|
Passenger cars not over 2,000cc
|
30%
|
|
Passenger cars over 2,000cc but not over2,500 cc
|
35%
|
|
Passenger cars over 2,500 but not over 3,000cc
|
40%
|
|
Passenger cars over 3,000cc
|
50%
|
|
Pickup Passenger Vehicles (PPV) not over 3,250cc
|
20%
|
|
Pickup with double cap not over 3,250cc
|
12%
|
|
Produced or adapted from pick-up cars not over 3,250cc
|
3%
|
|
Hybrid electric vehicles not over 3,000cc
|
10%
|
|
Electric powered vehicles
|
10%
|
|
Fuel cell powered vehicles
|
10%
|
|
Eco cars with gasoline engine not over 1,300cc
|
17%
|
|
Eco cars with diesel engine not over 1,400cc
|
17%
|
|
Energy substitute (Ethanol not less than 20%) vehicles not over 2,000cc
|
25%
|
|
Energy substitute (Ethanol not less than 20%) vehicles over 2,000cc but not over 2,500cc
|
30%
|
|
Energy substitute (Ethanol not less than 20%) vehicles over 2,500cc but not over 3,000cc
|
35%
|
|
Energy substitute (Ethanol not less than 20%) vehicles over 3,000cc
|
50%
|
|
Natural gas vehicles
|
20%
|
|
Tricycles and cars produced by using motor of motorcycle not over 250cc
|
5%
|
|
Pickups or cars designed for loading contained characteristic specified by the Director-General in the Ministry of the Finance not over 3,250cc
|
3%
|
|
Motorcycles
|
|
|
Two-stroke engine
|
5%
|
|
Four-stroke engine
|
3%
|
|
Ozone depleting substances (e.g. halogen of hydrocarbons)
|
30%
|
|
Entertainment
|
|
|
Horse racing
|
20%
|
|
Golf
|
10%
|
|
Nightclub and discotheque
|
10%
|
|
Sauna and massage
|
10%
|
|
Telephone service
|
|
|
Baseline services
|
0%
|
|
Cellular phone service
|
0%
|
|
Fermented Liquors
|
|
|
Beer
|
60%
|
|
Wine or sparkling wine
|
60%
|
|
Local fermented liquor
|
25%
|
|
Others from beer, wine, or local fermented liquor
|
25%
|
|
Distilled Spirits
|
|
|
White spirit
|
50%
|
|
Compound spirit
|
50%
|
|
Special blended spirit
|
50%
|
|
Special Spirits
|
|
|
Brandy
|
48%
|
|
Whisky
|
50%
|
|
Others
|
50%
|
|
Absolute Alcohol
|
|
|
Used in industry
|
2%
|
|
Used in medicine
|
0.1%
|
|
Others from industry and medicine
|
10%
|
|
Tobacco
|
|
|
Shredded tobacco
|
0.1%
|
|
Cigarettes
|
80%
|
|
Cigars
|
10%
|
|
Other rolled tobacco
|
0.1%
|
|
Blended shredded tobacco
|
10%
|
|
Chewing tobacco
|
0.1%
|
|
Playing cards
|
|
|
Playing cards
|
30 Baht/100 cards
|
|
Other cards
|
2 Baht/100 cards
|
|
Other
|
|
|
Perfume
|
15%
|
|
Wool carpet
|
20%
|
|
Transformed marble and granite
|
exempt
|
|
Yachts
|
exempt
|
|
Batteries
|
10%
|
Source: Excise Department, as of June 2009
Website: www.excise.go.th
ที่มา http://www.boi.go.th/thai/how/tax_rates_and_double_taxation_agreements.asp
|