Tax Rates
Tax Rate |
|
Corporate Income Tax |
|
A. Tax on net corporate profits |
|
1. Ordinary company |
|
- For the accounting period starting on or after the 1st January 2015 |
20% |
2. Small company (Paid up capital not exceeding 5 million baht and revenue not exceeding 30 million baht) |
|
- Net profit not exceeding 300,000 baht |
Exempted |
- Net profit over 300,000 baht but not exceeding 3 million baht |
15% |
- Net profit exceeding 3 million baht |
20% |
Note: For the accounting periods starting on or after the 1st January 2015 |
|
3. Regional Operating Headquarters (ROH) |
10% |
4. Bank deriving profits from Bangkok International Banking Facilities (BIBF) |
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 conducting 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% |
Personal Income Tax |
|
Level of taxable income (Baht) |
Marginal Tax Rate |
1 - 150,000 |
Exempted |
150,001 - 300,000 |
5% |
300,001 - 500,000 |
10% |
500,001 - 750,000 |
15% |
750,001 - 1,000,000 |
20% |
1,000,001 - 2,000,000 |
25% |
2,000,001 - 5,000,000 |
30% |
More than 5,000,001 |
35% |
Withholding Tax from Bank Deposits |
|
For individuals |
15% |
For companies |
1% |
For foundations |
10% |
Value Added Tax |
|
Level of taxable income (Baht) |
Exempted |
Over 1,800,000 |
7% |
Double Taxation Agreements Exist with the Following Countries:
Armenia, Australia, Austria, Bahrain, Bangladesh, Belarus, Belgium, Bulgaria, Cambodia, Canada, Chile, China, Chinese Taipei, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain and Northern Ireland, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kuwait, Laos, Luxembourg, Malaysia, Mauritius, Myanmar, Nepal, The Netherlands, New Zealand, Norway, Oman, Pakistan, The Philippines, Poland, Romania, Russia, Seychelles, Singapore, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Tajkistan, Turkey, Ukraine, United Arab Emirates, United States of America, Uzbekistan and Vietnam
Source : Revenue Department, as of September 2021 : www.rd.go.th
Excise Tax
Note: The excise tax rates provided are subject to change based on government policies and economic conditions. For the full listing and official updates, please visit www.excise.go.th or contact the Excise Department.
Product |
Tax Rate |
|
Petroleum and petroleum products |
||
Gasoline and similar products |
||
Unleaded gasoline |
7.500 Baht per liter |
|
Gasoline other than unleaded gasoline |
7.500 Baht per liter |
|
Gasohol E10 |
6.750 Baht per liter |
|
Gasohol E20 |
6.000 Baht per liter |
|
Gasohol E85 |
1.125 Baht per liter |
|
Kerosene and similar lighting oil |
||
Kerosene and similar lighting oil Fuel oil for a jet airplane that is not aircraft |
4.726 Baht per liter |
|
Fuel oil for jet plane |
||
Jet Fuel used for International Aviation, subject to Director-General criteria and conditions |
0.000 Baht per liter |
|
Other Jet Fuel, provided that the tax rate includes the carbon price |
4.726 Baht per liter |
|
Diesel and other similar types of oil |
||
Diesel with Sulfur Content Exceeding 0.001% by Weight, carbon price included |
7.440 Baht per liter |
|
Diesel with Sulfur Content Not Exceeding 0.001% by Weight, carbon price included |
7.440 Baht per liter |
|
Diesel with Methyl Esters biodiesel containing fatty acid not less than 4% as per regulations, procedures and conditions as specified by the Director General |
7.440 Baht per liter |
|
Diesel with Methyl Esters biodiesel containing fatty acid between 4 - 7% as per regulations, procedures and conditions as specified by the Director General |
6.920 Baht per liter |
|
Diesel with Methyl Esters biodiesel containing fatty acid between 8-9% as per regulations, procedures and conditions as specified by the Director General |
6.850 Baht per liter |
|
Diesel with Methyl Esters biodiesel containing fatty acid between 10 - 14% as per regulations, procedures and conditions as specified by the Director General |
6.700 Baht per liter |
|
Diesel with Methyl Esters biodiesel containing fatty acid between 15-19% as per regulations, procedures and conditions as specified by the Director General |
6.330 Baht per liter |
|
Diesel with Methyl Esters biodiesel containing fatty acid between 20 - 24% as per regulations, procedures and conditions as specified by the Director General |
5.953 Baht per liter |
|
Natural gas liquid (NGL) and similar products |
||
NGL and similar products |
5.85 Baht per liter |
|
NGL and similar products to be used during the refining process at a refinery |
Exempted |
|
Liquid petroleum gas (LPG), propane and similar products |
||
LPG and similar products |
2.17 Baht per kg |
|
Liquid propane and similar products |
2.17 Baht per kg |
|
LPG and similar products used in the production of electricity and selling all electricity to the Electricity Generating Authority of Thailand as per regulations, procedures and conditions as specified by the Director General |
Exempted |
|
Electrical Appliances |
||
Electric lamps and chandeliers for ceiling or wall mounting, but excluding those used for outdoor or highway lighting |
Exempted |
|
Automobiles |
||
Passenger car (1) |
||
Between January 1, 2026, to December 31, 2027 |
||
With a cylinder volume not exceeding 3,000 cc and CO2 emission not exceeding 100 g/km(3) |
13% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 100 g/km but not exceeding 120 g/km |
22% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 120 g/km but not exceeding 150 g/km |
25% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km but not exceeding 200 g/km |
29% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
34% |
|
Between January 1, 2028, to December 31, 2029 |
||
With a cylinder volume not exceeding 3,000 cc and CO2 emission not exceeding 100 g/km(3) |
14% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 100 g/km but not exceeding 120 g/km |
24% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 120 g/km but not exceeding 150 g/km |
27% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km but not exceeding 200 g/km |
31% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
36% |
|
From January 1, 2030, onwards |
||
With a cylinder volume not exceeding 3,000 cc and CO2 emission not exceeding 100 g/km(3) |
15% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 100 g/km but not exceeding 120 g/km |
26% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 120 g/km but not exceeding 150 g/km |
29% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km but not exceeding 200 g/km |
33% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
38% |
|
Pick-up passenger vehicle (PPV) (2) |
||
From January 1, 2026, onwards |
||
With cylindrical volume not exceeding 3,250 cc and CO2 emission not exceeding 185 g/km(3) |
18% |
|
With a cylinder volume not exceeding 3,250 cc and CO2 emission exceeding 185 g/km but not exceeding 200 g/km |
20% |
|
With cylindrical volume not exceeding 3,250 cc and CO2 emission exceeding 200 g/km |
25% |
|
With cylindrical volume exceeding 3,250 cc |
50% |
|
Hybrid Electric Vehicles, being vehicles that utilize a combination of fuel energy and low-voltage electric power to provide auxiliary propulsion, in accordance with the criteria and conditions prescribed by the Director-General, in support of the transition toward the electric vehicle industry, with an engine displacement not exceeding 3,000 cc |
||
With CO2 emissions not exceeding 100 g/km |
6% |
|
With CO2 emissions not exceeding 100 g/km but not exceeding 120 g/km |
9% |
|
Mild Hybrid Electric Vehicles, being vehicles that utilize a combination of fuel energy and low-voltage electric power to provide auxiliary propulsion, in accordance with the criteria and conditions prescribed by the Director-General, in support of the transition toward the electric vehicle industry, with an engine displacement not exceeding 3,000 cc |
||
With CO2 emissions not exceeding 100 g/km |
10% |
|
With CO2 emissions not exceeding 100 g/km but not exceeding 120 g/km |
12% |
|
Passenger car with seating not exceeding 10 seats (2) |
||
Between January 1, 2026, to December 31, 2027 |
||
With cylindrical volume not exceeding 3,000 cc and CO2 emission not exceeding 100 g/km |
13% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 100 g/km but not exceeding 120 g/km |
22% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 120 g/km but not exceeding 150 g/km |
25% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km but not exceeding 200 g/km |
29% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
34% |
|
Between January 1, 2028, to December 31, 2029 |
||
With cylindrical volume not exceeding 3,000 cc and CO2 emission not exceeding 100 g/km |
14% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 100 g/km but not exceeding 120 g/km |
24% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 120 g/km but not exceeding 150 g/km |
27% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km but not exceeding 200 g/km |
31% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
36% |
|
From January 1, 2030, onwards |
||
With cylindrical volume not exceeding 3,000 cc and CO2 emission not exceeding 100 g/km |
15% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 100 g/km but not exceeding 120 g/km |
26% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 120 g/km but not exceeding 150 g/km |
29% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km but not exceeding 200 g/km |
33% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
38% |
|
Passenger car or public transport vehicle with seating not exceeding 10 seats |
||
Passenger car or public transport vehicle with seating not exceeding 10 seats used as an ambulance of a government agency, hospital, or charitable organization as per terms, conditions, and numbers specified by the Ministry of Finance |
Exempted |
|
Eco Car with seating not exceeding 10 seats |
||
Hybrid electric vehicle (1) |
||
With cylindrical volume not exceeding 3,000 cc, active safety system and CO2 emission not exceeding 100 g/km |
4% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 100 g/km but not exceeding 150 g/km |
8% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km but not exceeding 200 g/km |
10.5% |
|
With a cylinder volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
13% |
|
Electric Powered Vehicle |
2% |
|
Fuel Powered Vehicle |
8% |
|
Passenger car or public transport vehicle with seating not exceeding 10 seats using alternative energy with cylindrical volume not exceeding 3,000 c.c. (2) |
||
Hybrid Electric Vehicle (between January 1, 2026, to December 31, 2027) |
||
CO2 emissions do not exceed 100 g/km |
6% |
|
CO2 emissions are between 100-120 g/km |
9% |
|
CO2 emissions are between 120-150 g/km |
14% |
|
CO2 emissions are between 150-200 g/km |
19% |
|
CO2 emissions exceed 200 g/km |
24% |
|
Plug-in Hybrid Electric Vehicle |
||
Electric driving ranges at least 80 kilometers per charge. |
5%/10% |
|
Being capable of operating on natural gas |
||
With cylindrical volume not exceeding 3,000 cc and CO2 emission not exceeding 150 g/km |
20% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km but not exceeding 200 g/km |
25% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
30% |
|
With cylindrical volume exceeding 3,000 cc |
40% |
|
Boat |
||
Yacht and boat used for leisure purpose |
Exempted |
|
Motorcycles (From January 1, 2030, onwards) |
||
Electric motorcycles with not exceeding 48 kW |
Exempted |
|
Electric motorcycles exceeding 48 kW |
5% |
|
Fuel-powered or hybrid fuel-powered motorcycles that use motorcycle tires in accordance with the standards announced by the Thai Industrial Standards Institute or the United Nations Motor Vehicle Technical Specifications (UN Regulation No.75) CO2 emission not exceeding 50 g/km |
3% |
|
CO2 emission exceeding 50 g/km but not exceeding 90 g/km |
4% |
|
CO2 emission exceeding 90 g/km but not exceeding 130 g/km |
8% |
|
CO2 emission exceeding 130 g/km |
30% |
|
Perfume and Cosmetics |
||
Essential oil and fragrance essence, excluding of perfume and fragrant essence produced domestically |
8% |
|
Essential oil |
Exempted |
|
Perfume and fragrant essence that is a local product and produced domestically |
Exempted |
|
Other Commodities |
||
Carpet and animal hair floor covering materials |
Exempted |
|
Marble and granite |
Exempted |
|
Batteries |
8% |
|
Batteries used as raw materials or components in the production of other items for export outside the Kingdom, as per regulations, procedures, and conditions as specified by the Director General |
Exempted |
|
Golf Course |
||
Member ship fee |
10% |
|
Course usage fee |
10% |
|
Other incomes |
Exempted |
|
Note:
(1) In accordance with the rules and conditions specified by the Director-General.
(2) In accordance with the rules, conditions, and characteristics specified by the Director-General.
(3) Vehicles must be complied with the Active Safety Standards as prescribed by the Director-General.
Source : Excise Department, as of September 2025: www.excise.go.th
Last Updated: March 27th, 2026
