Taxation in Thailand

• You are considered a tax resident of Thailand if you reside in the country for 180 days or more in a calendar year.

• Tax residents are taxed on their worldwide income, regardless of where the income is earned or paid.

• Non-residents are only taxed on income earned within Thailand.

It is important to properly declare all relevant income, including overseas earnings if you qualify as a tax resident.

• Standard Rate: 20% on net profits

• Small and Medium Enterprises (SMEs):

  • 15% on net profit up to THB 3 million

  • 20% on any amount above THB 3 million

• BOI-Promoted Companies:

  • 0%–20%, depending on the nature of the promotion

  •  May also receive exemptions from import duties and VAT

•  Special Economic Zones (SEZs):

  • 10% for targeted industries

  • Applicable for up to 10 consecutive accounting periods

• Global Minimum Tax (GloBE):

  •  A minimum tax rate of 15% applies to multinational enterprises with global revenues exceeding €750 million, in line with OECD BEPS 2.0 regulations

Corporate income tax filings are typically due annually, with instalments and advanced payments required throughout the year for most businesses.

We can assist you with:

• Determining your tax residency status

• Filing personal or business tax returns

• Understanding international tax obligations

• Applying for BOI or SEZ tax privileges

• Ensuring full compliance with Thai tax law

Contact Us to speak with one of our trusted tax advisors or to book a personalised consultation.