Thailand: New Corporate Tax Rates 2012
January 28 2012 Categories: Thailand Business, Thailand Taxes No comments yet
In order to improve Thailand competitiveness prior to the enforcement of the Asean Economic Community in January 2015 Thailand has recently moved to lower corporate tax rates that have become far more competitive than before.
Thailand’s corporate tax rate has been slashed as follow:
- from 30% to 23% from 1st January 2012
- from 23% to 20% starting 1st January 2013
Thai SME still benefit of a Tax Privilege but the privilege is limited to the first million THB of profits only.
| Tax Subject | Amount of net Profit Taxable | Tax Rate in (%) | |
| NORMAL CORPORATE TAX RATE | 2012 | 2013 | |
| All Juristic Persons to the exception of SME |
On all their profits from 1 THB an above
|
23% |
20% |
| CORPORATE TAX RATE FOR SME | |||
| Are SME:
|
From 1 THB to 150,000
|
Exempt |
|
|
From 150,001 to 1,000,000 THB
|
15% |
||
|
Above 1,000,001 THB |
23% |
20% |
|
Do not hesitate to contact us for more information on this matter.
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- Thailand Taxes : Tax Rates Comparison Tables
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- Social Security Reduced Rates
- Thailand Taxes: Introduction to personal income tax
- Thailand Taxes: Managing Tax Audits (part 2)
- Thailand Taxes: Personal Income Tax Simulation Table
- Thailand Taxes: Managing Tax Audits (part 1)
