Thai Reduced Corporate Tax Rate Approved November 2011 The Thai cabinet approved on October 11 the reduction of the corporate income tax rate following the proposal of the Thai revenue in September 2011. The current 30% corporate income tax rate would be reduced to 23% for accounting period endi...
Thailand’s DTA generally follows the OECD model treaty and provides relief from double taxation on income. Taxes that are covered by the DTA are income taxes, such as personal income tax, corporate income tax, and petroleum income tax. In many cases, the tax rates within the DTA are lower...
If you work in Thailand, you are subject to Thailand’s personal income tax, which follows a progressive rate structure with a maximum of 35%. On the other hand, if you bring money to Thailand within the same calendar year after you’ve earned it, you are also required to pay income...
If recipients receive income from sources in Thailand, such as investments or rental income, then personal income tax is also applicable at a rate of 5-37%. It is important to understand the tax liability in order to make sure all relevant taxes are paid. Finally, always choose experienced ...
The Revenue Department of Thailand provides details of personalincome tax rates. The ThaiCustoms Departmenthas responsibility for customs issues. A number of goods entering Thailand are subject to import controls. The Customs Department provides more information onrestricted goods. ...
Exemption or reduction of import duties for imported machinery. Companies that fulfill certain criteria can get a 10 billion THB subsidy under the Competitiveness Enhancement Fund. Qualified expatriates and Thai employees can get a 17% Personal Income Tax rate on their income if they work for compan...
based on Personal Tax rates 3% / 5% WHT rate 1% WHT rate 1% WHT rate 5% WHT rate 3% WHT rate 5% WHT rate 1% WHT rate 3% WHT rate 3% WHT rate 1%WHT rate A recipient or receiver of income under the domestic payment will receive a withholding tax deduction certificate from the payer ...
of Mainland China, Japan and the United States presenting opportunities for further growth. With the recent introduction of the onshore Private Banking Business in Thailand, HSBC provides a comprehensive range of cross-border and financial services to suit both your personal and business needs, ...
There are two types of income tax: personal income tax (income tax on individuals) and corporate income tax (income tax on juristic entities). A. CORPORATIONS In Thailand, the tax on income of juristic entities is called corporate income tax. All juristic companies and partnerships established ...
Tax All resident and non-resident individuals earning income from sources in Thailand are subject to personal income tax (PIT). A Thai resident is also subject to PIT on self-employment and business income from sources overseas. Individuals are considered resident if they reside in Thailand for ...