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: These are only examples, for the full list please visit www.excise.go.th
Product |
Tax Rate |
|
Petroleum and petroleum products |
|
|
Gasoline and similar products |
|
|
Unleaded gasoline |
6.500 baht per liter |
|
Gasoline other than unleaded gasoline |
6.500 baht per liter |
|
Gasohol E10 |
5.850 baht per liter |
|
Gasohol E20 |
5.200 baht per liter |
|
Gasohol E85 |
0.975 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 |
|
|
Fuel oil for a jet airplane that is not aircraft |
4.726 baht per liter |
|
Fuel oil for jet airplanes for domestic aircraft per regulations, procedures, and conditions as specified by the Director General |
4.726 baht per liter |
|
Product |
|
|
Fuel oil for jet airplanes for international aircraft per regulations, procedures, and conditions as specified by the Director General |
Exempted |
|
Diesel and other similar types of oil |
|
|
Diesel with sulphuric content exceeding 0.005% by weight |
6.44 baht per liter |
|
Diesel with sulphuric content not exceeding 0.005% by weight |
6.44 baht per liter |
|
Diesel with Methyl Esters biodiesel containing fatty acid not exceeding 4% |
6.44 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 |
5.99 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 |
|
Electrical Appliances |
|
|
Air-conditioning unit with motor-driven fans and thermostat, with or without a humidity control unit, with a capacity not exceeding 72,000 BTU/ hour |
||
(1) For use in vehicle |
Exempted |
|
(2) Others from (1) |
Exempted |
|
Automobiles |
|
|
Passenger car |
|
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission not exceeding 150 g/km (2) |
25% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission
exceeding 150 g/km but not exceeding 200 g/km |
30% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km |
35% |
|
With cylindrical volume exceeding 3,000 cc |
40% |
|
Pick-up passenger vehicle (PPV) |
|
|
With cylindrical volume not exceeding 3,250 cc and CO2 emission 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 |
40% |
|
Pick-up passenger vehicle (PPV) with Hybrid Electric Vehicle |
|
|
With cylindrical volume not exceeding 3,250 cc and CO2 emission
not exceeding 175 g/km |
18% |
|
Passenger car (that is made from a pick-up truck or chassis with the windshield of a pick-up truck or modified from a pick-up truck) |
|
|
Manufactured or modified by industrial entrepreneurs with cylindrical volume not exceeding 3,250 cc |
2.5% |
|
Manufactured or modified by industrial entrepreneurs with cylindrical volume exceeding 3,250 cc |
40% |
|
Passenger car or public transport vehicle with and 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 and conditions and numbers specified by the Ministry of Finance |
Exempted |
|
Eco Car with seating not exceeding 10 seats |
|
|
- Hybrid electric vehicle |
|
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission
not exceeding 100 g/km |
8% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission
exceeding 100 g/km but not exceeding 150 g/km |
16% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission
exceeding 150 g/km but not exceeding 200 g/km |
21% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission
exceeding 200 g/km |
26% |
|
With cylindrical volume exceeding 3,000 cc |
40% |
|
Electric powered vehicle |
8% |
|
Fuel cell powered vehicle |
8% |
|
- Economy car meeting international standards (From 1 October, 2009 onwards) |
|
|
Gasoline engine with cylindrical volume not exceeding 1,300 cc |
14% |
|
Diesel engine with cylindrical volume not exceeding 1,400 cc |
14% |
|
- Passenger car or public transport vehicle with seating not exceeding 10 seats using alternative energy with cylindrical volume not exceeding 3,000 cc as specified by the Ministry of Finance |
||
- Using no less than 85% ethanol mix with gasoline available generally petrol stations |
||
With cylindrical volume not exceeding 3,000 cc and CO2 emission not exceeding 100 g/km |
4% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission exceeding 150 g/km |
8% |
|
With cylindrical volume not exceeding 3,000 cc and CO2 emission exceeding 200 g/km but not exceeding 200 g/km |
10.5% |
|
With cylindrical volume exceeding 3,000 cc and CO 2 emission exceeding 200 g/km |
13% |
|
- 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 |
|
|
Electric motorcycles |
1% |
|
CO2 emission not exceeding 50 g/km |
3% |
|
CO2 emission exceeding 90 g/km but not exceeding 90 g/km |
5% |
|
CO2 emission exceeding 90 g/km but not exceeding 130 g/km |
9% |
|
CO2 emission exceeding 130 g/km |
18% |
|
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% |
|
Golf Course |
|
|
Membership 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 January 2023 : lawelcs.excise.go.th
Last Updated: January 31st, 2023
