Thailand corporate tax rate
Standard corporate income tax rate on the net profit of a juristic company or partnership.
| Current value | 20 percent |
|---|---|
| In force from | 2016-01-01 |
| Official source | Revenue Code of Thailand, section 65 and the Income Tax Schedule (2)(a) attached to the Revenue Code, as amended by the Revenue Code Amendment Act (No. 42) B.E. 2559 (2016), which made the 20% rate permanent — Revenue Department corporate income tax page |
| Last verified | 2026-07-20 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
20% is the NOMINAL statutory rate applied to net profit for accounting periods beginning on or after 1 January 2016. It replaced a sequence of temporary Royal Decree reductions from the old 30% statutory rate (30% -> 23% for 2012 -> 20% for 2013-2015 by decree, then made permanent by Amendment Act No. 42). There is no separate national/local split — 20% is the whole federal-equivalent burden. Documented deviations, NOT blended into the value: SMEs with paid-up capital not exceeding THB 5m and revenue not exceeding THB 30m pay 0% on the first THB 300,000 of net profit, 15% from 300,001 to 3,000,000 and 20% above; International Banking Facilities 10% on net profit; foreign companies in international transport 3% of gross receipts; non-resident companies on dividends remitted 10% of gross; associations and foundations 2% or 10% of gross receipts. Board of Investment (BOI) promoted projects and the various Eastern Economic Corridor / IBC regimes can grant CIT exemptions of up to 13 years or reduced rates as low as 3-8% — these are grant-based, not general statutory rates, and are excluded. Thailand also applies a 15% domestic top-up tax to in-scope multinational groups under the Emergency Decree on Top-up Tax B.E. 2567 (Pillar Two) for accounting periods beginning on or after 1 January 2025; this is a separate tax and does not change the 20% CIT rate. Access note: the Revenue Department's English pages (rd.go.th/english/) are static HTML and reliable, but lag the Thai pages; the Thai statute pages under rd.go.th are authoritative where they differ.
Get it programmatically
curl https://asiaref.dev/v1/th/corporate-tax
# $0.001 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/th/corporate-tax/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/th/corporate-taxOther Thailand series: policy interest rate · VAT rate · minimum wage · public holidays · inflation rate (CPI) · income tax rates