Tax Preview: What Foreigners Pay in Thailand

As January ends, let's preview what's coming in February: Tax Season. Here's a quick overview of what foreigners pay in Thailand.

 

Corporate Taxes

Corporate Income Tax (CIT)

• Standard rate: 20% on net profits
• SME rate: 10-15% (if capital ≤5M THB and revenue ≤30M THB)
• BOI rate: 0% for up to 8 years

 

Value Added Tax (VAT)

• Rate: 7% on goods and services
• Threshold: Required if annual revenue exceeds 1.8M THB
• Export: 0% VAT on exported services/goods

 

Personal Taxes

Personal Income Tax

Progressive rates from 5% to 37% based on income level.

| Income (THB) | Rate | |--------------|------| | 0 - 150,000 | 0% | | 150,001 - 300,000 | 5% | | 300,001 - 500,000 | 10% | | 500,001 - 750,000 | 15% | | 750,001 - 1,000,000 | 20% | | 1,000,001 - 4,000,000 | 25% | | Over 5,000,000 | 37% |

 

Withholding Taxes

When you take money out of Thailand:

• Dividends: 10%
• Management fees: 15%
• Royalties: 15%
• Interest: 15%

 

The 180-Day Rule

If you spend 180+ days in Thailand per year, you become a tax resident. This means worldwide income may be taxable in Thailand.

 

Coming in February

We'll dive deep into tax preparation for the March 31 deadline.

 

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