Income tax

Every company in Thailand, whether or not it operates a business or not, must report on corporate income tax.

If the company receives income, at the end of the reporting year, the auditor must determine the tax base, establish the amount of tax and pay it to the Revenue Department together with the balance sheet.

The single income tax rate in Thailand - 20%

For small enterprises, an increasing tax rate is applied depending on the amount of profit for the year (0%, 15% and 20%). ⠀

If the company's profit is less than 300,000 baht per year, no income tax to be paid.

With a profit of over 300,000 baht, but less than 3 million baht a tax of 15% is paid, over 3 million - 20%.

So if you don’t want to get an unpleasant surprise from the amount of the tax at the end of the year, we recommend you to start the year with tax planning, which will become part of the business plan.

For tax planning in the company and filing balance sheets, please call:

+ 6694-886-74-92 (WhatsApp, Viber)

Author: Aleksandra Agapitova

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