Taxation and Tax Rates (Con't)  

 

  

6. Tax Rates and Double Taxation Agreements (2001)

 

Corporate Income Tax

Rates

A. Tax on net corporate profits

30%

B. Tax on gross income of foundations and associations (2% for income under section 40(8))

10%

 
 

Personal Income Tax (effective Jan. 1, 2008)

Level of taxable income (Baht)

Marginal Tax Rate

0 - 150,000

0%

150,001 - 500,000

10%

500,001 - 1,000,000

20%

1,000,001 - 4,000,000

30%

over 4,000,000

37%

 

Tax on Income from Bank Deposits

Rate 

A. For individuals 

 15%

B. For companies 

 1% 

C. For foundations 

 2%

 

Value Added Tax

Level of taxable income (Baht)

Rate

0 - 1,200,000

This level has been repealed from the VAT system

over 1,200,000

0% or 7% (effective April 1, 1999 to Sept. 30, 2002)
0% to 10% (effective October 1, 2002)

 

BIBF

Corporate Income Tax

Rate 

Withholding tax on remittance of interest

 

out-out

exempt

 

out-in

10%

Withholding tax on remittance of profits

 

out-out

exempt

 

out-in

10%

Personal Income Tax

Rate 

Withholding tax on remittance of interest

 

out-out

exempt

 

out-in

10%

    

Withholding Tax

A foreign company or registered partnership not carrying out business in Thailand receiving the following income from or in Thailand:

Rate

A. Remittance of profits

10%

B. Remittance of dividends

10%

C. Remittance of interest

15%

D. Royalties from goodwill, copyright and other rights

15%

E. Rentals from hiring property

15%

 

Excise Tax Rates (Effective Nov 11, 1996)

Products

Tax Rates

  Unleaded benzene

 Bt 3.585/liter 

  Diesel - more than 0.25% sulfur content

Bt 2.315/liter 

  Diesel - less than 0.25% sulfur content

 Bt 2.215/liter 

  LPG

 Bt 2.17/kg 

  NGL

 Bt 3.15/liter 

  Perfume

 15% 

  Crystal glasses 

 15% 

  Air-conditioner (<72,000 BTU)

 15% 

  Ceiling, light, chandeliers

 15% 

  Whiskey 

35% (or Bt 150/liter) 

  Brandy

25% (or Bt 150/liter) 

  Other refined liquors 

 35% (or Bt 150/liter) 

  Beer

 53% (or Bt 100/liter) 

  Other fermented liquor

 25% (or Bt 100/liter) 

  Soda water 

 25% 

  Cigarettes and tobacco

 70% 

  Playing cards

Bt30 per 100 cards 

  Horse racing 

 20% 

  Automobiles
       > 2,400 c.c.
       < 2,400 c.c. 
       Off Road
       Pick Up


43% 
37.50% 
32% 
5% 

 

Structure of Import Tariffs

Tax Rates

Basic raw materials, necessary raw materials, 
and materials subjected to special treatment 

 0-1% 

Primary goods and machinery

 5% 

Intermediate goods

 10% 

Final goods 

 20% 

Commodities requiring specially high protection

>30%

    

Double Taxation Agreements

Double Taxation Agreements exist with the following countries:

Austria, Australia, Bangladesh, Belgium, Canada, China, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Hungary, India, Indonesia, Israel, Italy, Japan, Laos, Luxembourg, Malaysia, Mauritius, Nepal, the Netherlands, New Zealand, Norway, Pakistan, the Philippines, Poland, Romania, Singapore, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, United Arab Emirates, United Kingdom and Northern Ireland, United States, Uzbekistan and Vietnam.

   

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