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Taxation

The majority of tax collections are administered by the Ministry of Finance. The Revenue Department
under the following categories collects the income tax:

  • Corporate Income Tax
  • Value Added Taxes (or Specific Business Taxes)
  • Stamp duty
  • Personal Income Tax

Apart from this the basic tax collecting authorities in Thailand are:
The Customs Department, responsible for collection of import and export duties and the Excise Department,
which collects excise tax. Property tax and municipal tax are collected by local authorities.

Corporate Income Tax (CIT) is a direct tax levied on a juristic company or partnership carrying on business
in Thailand or not carrying on business in Thailand but deriving certain types of income from Thailand.
A company or a juristic partnership incorporated under Thai law is Limited company, public company Limited,
limited partnership and registered partnership.

Any Thai or foreign company carrying on business in Thailand must submit their tax returns and payments
twice a year.

 

For more information: Paying Taxes                                     


Source: Revenue Department (Available in Thai version)