Tax in Thailand
Personal Income Tax (PIT)
‘Residents’ of Thailand (those living in Thailand for a total of 180 tax days or more in a calendar year) must pay tax on income derived from working in Thailand as well as a portion of any foreign income that is brought into Thailand.
‘Non-residents’ of Thailand are only subject to tax from income earned in Thailand.
Noteable ways to reduce your tax burden in Thailand is to take out Thai-approved onshore life insurance, provident fund contributions (company pension contributions) and long term equity funds.
For more information on reducing your taxes in Thailand, please fill out this form or click here to email .
Information on rates of personal income tax and assessable income as well as allowances and deductions can be found from the Governmental tax revenue department web site
Corporate Income Tax (CIT)
Thai companies are taxed on their worldwide net profit each year.
Foreign companies are taxed on any profits derived from business in Thailand.
You can reduce your tax burden with provident contributions. To set up a Thai company and get free financial advice on reducing your tax burden, please email here.
Certain businesses are liable for further taxes. Petroleum companies must pay a petroleum tax. For more information, click here.
For companies engaging in banking, finance, insurance, pawn broking, real estate or repo, Click here.
Value Added Tax (VAT)
VAT is currently 7% in Thailand. Click here for more information on tax rates and exemptions.
Stamp Duty
Stamp Duty is currently 0.1% in Thailand. Stamp duty applies to any transfers of land, leases, stock transfers, debentures, mortgages, life assurance policies, annuities, power of attorney, promissory notes, letters of credit and travellers cheques.
Click here for more information on tax rates and exemptions.