[{"data":1,"prerenderedAt":67},["ShallowReactive",2],{"wp-tax-in-thailand\u002Fcorporate-income-tax":3,"service-related-\u002Ftax-in-thailand\u002Fcorporate-income-tax\u002F":38},{"path":4,"lang":5,"contentLang":5,"title":6,"navTitle":7,"seo":8,"intro":14,"heroImage":15,"breadcrumbs":20,"alternates":28,"children":35,"showCta":36,"html":37},"\u002Ftax-in-thailand\u002Fcorporate-income-tax\u002F","en","Corporate income tax in Thailand","Corporate Income Tax",{"title":9,"description":10,"robots":11,"ogImage":12,"modified":13},"Corporate Income Tax in Thailand: Rates and Rules | Plizz","Thai corporate income tax explained: the 20% rate and SME rates, deductible and non-deductible expenses, and the PND 50 and PND 51 deadlines and penalties.","index, follow, max-snippet:-1, max-image-preview:large",null,"2026-02-25T23:48:10","Rates, deductible expenses, filing deadlines and penalties, explained for company owners and finance managers.",{"src":16,"alt":17,"width":18,"height":19},"\u002Fuploads\u002F2023\u002F11\u002Fwallet.svg","wallet",1049,678,[21,24,27],{"name":22,"path":23},"Home","\u002F",{"name":25,"path":26},"Taxes in Thailand","\u002Ftax-in-thailand\u002F",{"name":7,"path":4},[29,30,33],{"hreflang":5,"path":4},{"hreflang":31,"path":32},"th","\u002Fth\u002Ftax-in-thailand\u002Fcorporate-income-tax\u002F",{"hreflang":34,"path":4},"x-default",[],true,"\u003Csection class=\"sec\">\u003Cp>Corporate income tax (CIT) in Thailand is a direct tax on the net profit of juristic persons that carry on business in Thailand or earn income from Thailand. The standard rate is 20%, and small companies pay less on their first THB 3 million of profit.\u003C\u002Fp>\u003Cp>CIT applies to companies and partnerships incorporated under Thai law, and to foreign companies that do business in Thailand or receive income from Thailand that the Revenue Code taxes. The Revenue Department (RD) collects it through two returns a year: PND 51 at the half year and PND 50 after the year end.\u003C\u002Fp>\u003Cp class=\"btn-row\">\u003Ca class=\"btn\" href=\"#details\">Read the details\u003C\u002Fa>\u003C\u002Fp>\u003C\u002Fsection>\n\u003Csection class=\"sec\" id=\"details\">\u003Cdiv class=\"card\">\u003Ch3>Tax deductibility of expenses\u003C\u002Fh3>\u003Cp>Taxable profit is the revenue of the accounting period (business income, dividends, interest, royalties and so on) minus the expenses incurred wholly for the business in the same period.\n\u003Cbr\u002F>\u003Cbr\u002F>\nThe Revenue Code limits what can be deducted. The main rules:\u003C\u002Fp>\u003C\u002Fdiv>\u003C\u002Fsection>\n\u003Csection class=\"sec\">\u003Ch2>Deductible expenses\u003C\u002Fh2>\u003Cul class=\"checklist\">\u003Cli>Expenses incurred in the ordinary course of business\u003C\u002Fli>\u003Cli>Depreciation, up to the maximum rates set by the Revenue Code\u003C\u002Fli>\u003Cli>Entertainment expenses, up to 0.3% of revenue or paid-up capital (whichever is higher), capped at THB 10 million\u003C\u002Fli>\u003Cli>Donations to approved charities, up to 2% of net profit\u003C\u002Fli>\u003Cli>Qualifying staff training costs, deductible at 200%\u003C\u002Fli>\u003Cli>Qualifying research and development costs, deductible at 200%\u003C\u002Fli>\u003Cli>Tax losses carried forward from the previous five accounting periods\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>Non-deductible expenses\u003C\u002Fh2>\u003Cul class=\"checklist\">\u003Cli>Personal expenses\u003C\u002Fli>\u003Cli>Gifts to third parties\u003C\u002Fli>\u003Cli>Tax penalties, surcharges and fines\u003C\u002Fli>\u003Cli>Expenses without supporting documents\u003C\u002Fli>\u003Cli>Losses that can be recovered from an insurer\u003C\u002Fli>\u003Cli>Expenses that belong to a prior accounting period\u003C\u002Fli>\u003Cli>Withholding tax the company pays on behalf of its suppliers\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Fsection>\n\u003Csection class=\"sec\">\u003Cdiv class=\"card\">\u003Ch3>How to calculate CIT\u003C\u002Fh3>\u003Cp>CIT is charged on net profit, meaning total revenue minus allowable expenses, at the rates below:\u003C\u002Fp>\u003C\u002Fdiv>\u003Cdiv class=\"table-wrap\">\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Taxpayer\u003C\u002Fth>\u003Cth>Tax base\u003C\u002Fth>\u003Cth>Rate (%)\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead> \u003Ctbody>\u003Ctr>\u003Ctd>Small company *\u003C\u002Ftd> \u003Ctd>\u003Cul>\u003Cli>Net profit up to THB 300,000\u003C\u002Fli>\u003Cli>Net profit from THB 300,001 to 3,000,000\u003C\u002Fli>\u003Cli>Net profit above THB 3,000,000\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Ftd> \u003Ctd>\u003Cul>\u003Cli>0% (exempt)\u003C\u002Fli>\u003Cli>15%\u003C\u002Fli>\u003Cli>20%\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Other companies\u003C\u002Ftd> \u003Ctd>\u003Cul>\u003Cli>Net profit\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Ftd> \u003Ctd>\u003Cul>\u003Cli>20%\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003C\u002Fdiv>\u003Cp>* A small company has paid-up capital of THB 5 million or less at the end of the accounting period and revenue of THB 30 million or less.\u003C\u002Fp>\u003C\u002Fsection>\n\u003Csection class=\"sec\">\u003Cdiv class=\"card\">\u003Ch3>How to file CIT\u003C\u002Fh3>\u003Cp>Companies file two CIT returns a year. The half-year return (PND 51) is due within 2 months after the first six months of the accounting period (by 31 August for a 31 December year end) and prepays tax on an estimate of the full year’s profit. The annual return (PND 50) is due within 150 days of the year end (the end of May for a 31 December year end), together with the audited financial statements.\u003C\u002Fp>\u003C\u002Fdiv>\u003Ch2>Penalties to know\u003C\u002Fh2>\u003Cul class=\"checklist\">\u003Cli>If the half-year estimate of profit falls more than 25% short of the actual profit, the RD can add a surcharge of 20% of the tax shortfall, unless there was a reasonable cause.\u003C\u002Fli>\u003Cli>If the annual return or payment is late, a surcharge of 1.5% per month of the tax due applies.\u003C\u002Fli>\u003C\u002Ful>\u003C\u002Fsection>",{"posts":39},[40,49,58],{"slug":41,"title":42,"description":43,"excerpt":44,"image":45,"image_alt":42,"date":46,"readingMinutes":47,"primaryCategory":48,"lang":5},"master-thai-corporate-taxation-for-smes","Master Thai Corporate Taxation for SMEs: A Guide & Expert Assistance","Corporate taxation for Thai SMEs explained: tax rates, filing deadlines, incentives and exemptions, and ways to reduce your tax liability legally.","Learn the ins and outs of corporate taxation for Thai SMEs, understand regulations and discover how Plizz's expert tax services can help you.","\u002Fuploads\u002F2024\u002F08\u002Fgetty-images-LPdsM67tx8-unsplash.webp","2024-01-31",5,"tax",{"slug":50,"title":51,"description":52,"excerpt":53,"image":54,"image_alt":55,"date":56,"readingMinutes":57,"primaryCategory":48,"lang":5},"master-thailands-transfer-pricing-regulations-for-sme","Master Thailand’s Transfer Pricing Regulations for Your SME with Plizz’s Invaluable Guidance","Thailand's transfer pricing regulations for SMEs: related-party transactions, the arm's length principle, documentation and disclosure duties.","Understand Thailand's transfer pricing regulations and the key requirements your SME must meet for related-party transactions.","\u002Fuploads\u002F2024\u002F08\u002Fmultiracial-colleagues-going-through-business-repo-2023-11-27-05-34-42-utc.webp","Master Thailand's Transfer Pricing Regulations for Your SME with Plizz's Invaluable Guidance","2023-12-13",4,{"slug":59,"title":60,"description":61,"excerpt":62,"image":63,"image_alt":64,"date":65,"readingMinutes":66,"primaryCategory":48,"lang":5},"understanding-vat-and-withholding-taxes","Understanding VAT and Withholding Taxes in Thailand","Understanding VAT and withholding taxes in Thailand: how each works, which payments are covered, common mistakes and how to manage your obligations.","Discover how VAT and Withholding Tax impact businesses. Get expert assistance from Plizz to simplify your tax responsibilities today.","\u002Fuploads\u002F2025\u002F05\u002F21066.webp","reviewing documents","2025-05-14",3,1791076994689]