What is the corporate tax rate in Thailand, and are there ways to reduce it?

Corporate Tax in Thailand Thai Tax Laws Business Formation in Thailand Tax Loopholes Employment Requirements for Companies Comparison of Singapore and Thailand for Business

Mar 31, 2022

3 years ago

Arnold ************

ORIGINAL POSTER

How much corporate tax would I really have to pay in Thailand?

I've read that it's 15% or 20% depending on your net profit. The official numbers are easy to find. But I've also read that you need to hire four Thai employees, and I know now that there are methods to circumvent this requirement.

Therefore I'm wondering if there are some "tricks" to avoid paying that much tax too?

Sorry if my question comes across as cynical, but I need to know this before I decide to form a company in Singapore instead of in Thailand. As we all know, the official law here often doesn't reflect reality. I just want to know what to expect.

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TLDR : Answer Summary

The corporate tax rate in Thailand is generally 15% or 20% based on net profit, with employment of four Thai employees often being a requirement. However, there are suggestions of methods to reduce tax liabilities or circumvent hiring obligations. Some commenters advise consulting an accountant for accurate and current tax advice, mention strategies for running a business without extensive local staff, and a related inquiry about personal tax for pension income in Thailand. Overall, the discussion encourages considering business implications in both Thailand and Singapore.

Roy ***********

Not to hijack the question, but what would personal tax be if I had my pension income declared here in Thailand. Thanks for any answers.

3 years ago

Arnold ************

ORIGINAL POSTER

@Roy **********

Use this online tax calculator: ww w.uo bam. co. th. /en/ta x-calculation

(Remove the spaces to get the URL. Facebook won't let me post the link because the Facebook robot thinks it's spam)

Put 1 bath in "Salary" and the total amount that you plan on transferring to Thailand under "Other income". It accurately calculates the tax I ended up paying.

3 years ago

Reply to

Arnold ************

Andy **********

Why are you even considering a jurisdiction and tax ?

Online business, virtual products, why any staff unless for scale and if no staff, then no visible business.

I sit on the beach, read my corporate emails, take some calls, do some online stuff etc. I am on holiday and running a real business but I do not more than someone would in your shoes and I am permanently off radar.

3 years ago

Ron ******************

Ask an accountant. Tax laws change and loopholes closes and others are invented.

3 years ago

Shaun *********

Go to Singapore. Folk who want to skimp on tax and probably looking for loop holes to pay staff the minimum as they can. Pay what you supposed to and not be greedy.

3 years ago

Arnold ************

ORIGINAL POSTER

@Shaun ********

I want to pay as little as possible because I don't earn much yet. Wouldn't call it greedy.

3 years ago

Mark ********

@Arnold ***********

and that is absolutely your right, sir.

3 years ago

Reply to

Mark ********