Thailand
Taxation in Thailand
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Taxation in Thailand
Income Tax
Below are the tax bands for personal income tax. All figures are in the Thai Baht (BHT):
0% on income between 1 and 150,000
5% on income between 150,001 and 300,000
10% on income between 300,001 and 500,000
15% on income between 500,001 and 750,000
20% on income of 750,001 and 1,000,000
- 25% on income 1,000,001 and 2,000,000
30% on income 2,000,001 and 4,000,000
35% on income 4,000,001 plus
Corporate Tax
The standard rate for corporate income tax is 20%.
VAT Rates
The standard VAT rate is 7%