TAX RATES IN THAILAND

TAX RATES IN THAILAND

1. Corporate tax standard rate 20%
   – Value Added Tax (GST) 7% (Export service 0%)
   – Personal tax rate – up to 35% if taxable income > THB 5 million
   
   Withholding tax on domestic payments
   1% for interest
   2% for advertising fee
   3% for hire of services, use of license or other intangible assets
   5% for lease of asset, lucky draws
   10% for dividend

   Withholding tax on foreign payments
   15% for royalties, service fee, capital gain, rental, interest
   10% for dividend