Corporate Tax

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Personal Income Tax Rates

Taxable Income (baht)	Marginal Taxable income (baht)	Tax Rate (%)
0 – 150,000 (2008 onwards)	150,000	Exempt
150,001 – 500,000	350,000	10
500,001 – 1,000,000	500,000	20
1,000,001 – 4,000,000	3,000,000	30
4,000,001 and over		37

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Standard Rate

Unless Thailand registered companies are entitled to reduced rates of corporate income tax because of specific reasons, they are subject to the standard rate of corporate income tax, as follows.

Net Profit Amount (Baht)	2012	2013	2014
All net profits over 1 baht	23%	20%	20%

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Small and Medium Enterprises

Companies that qualify as an SME are entitled to the following reduced rates of corporate tax.

For the 2012 financial year onwards, the qualifications for an SME are that the company has paid up capital of no more than 5 million Baht at the end of its accounting period and has income of no more than Baht 30 million for the accounting period.

Net Profit Amount (Baht)	2012	2013	2014
Up to 150,000	Exempt	Exempt	Exempt
150,000 – 1 million	15%	15%	15%
1 million – 3 million	23%	20%	20%
Over 3 million	23%	20%	20%

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