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Tax authorities

Thailand Revenue Department
90 Soi Phaholyothin 7, Phaholyothin Road, Bangkok 10400
Tel: +662 272 8000
Website: www.rd.go.th

Tax rates at a glance

(As of September 2012)

1. As from January 1 2012, the corporate tax rate is 23%; the rate further reduces to 20% for the two accounting periods beginning on or after January 1 2013. Certain public limited companies and small and medium size limited companies are subject to lower progressive rates up to a certain amount of net taxable profits (23% for the accounting period that begins on or after January 1 2012, and 20% for the next two accounting periods).
2. Capital gains are subject to the normal corporate income tax rate with no restrictions on the use of capital losses to offset net taxable profits.
3. Royalties paid to another Thailand company are subject to a 3% advance withholding tax, which is used as a credit against the final corporate income tax due for the accounting period. Royalties paid to a nonresident are subject to a 15% final withholding tax unless the rate is reduced under a tax treaty.
4. Technical service fees paid to another Thailand company are subject to be 3% advance withholding tax, which is used as a credit against the final corporate income tax due for the accounting period. Technical fees paid to a nonresident are subject to a 15% final withholding tax unless the rate is reduced or eliminated under a tax treaty.
5. A 10% branch remittance tax is imposed on after-tax profits paid or deemed paid to a head office.