JC Accounting Sukhumvit 25 BKK
Our expert team is ready with the best plan to get your business where it deserves.
Ensuring knowledge of the newest laws, we take care for your business by providing a top quality consultants and managing of your taxes. We keep you were it matters.
We offer a 24 hour line for consulting free of charge in our golden package. Our service is highly confidential as our client list.
Often tax strategies that look good by themselves can be less sensible, even problematic in the context of your whole business.
That’s why JC takes a balanced and integrated approach. We focus on your total business picture, not just your next return. Our tax consultants help you define the right overall tax position, designed to save you money in complex tax environments, while at the same time meeting your larger business goals. And since we take a broad overview of a client’s business, we can see opportunities that other tax specialists might miss.
Our proactive approach to taxes sets us apart. In addition to providing ongoing advice we offer a number of specific tax services.
| Taxable Income (baht) | Tax Rate (%) |
|---|---|
| 0-150,000 | Exempt |
| more than 150,000 but less than 300,000 | 5 |
| more than 300,000 but less than 500,000 | 10 |
| more than 500,000 but less than 750,000 | 15 |
| more than 750,000 but less than 1,000,000 | 20 |
| more than 1,000,000 but less than 2,000,000 | 25 |
| more than 2,000,000 but less than 4,000,000 | 30 |
| Over 4,000,000 | 35 |
For certain categories of income, the payer of income has to withhold tax at source, file tax return (Form PIT 1, 2 or 3 as the case may be) and submit the amount of tax withheld to the District Revenue Office. The tax withheld shall then be credited against tax liability of a taxpayer at the time of filing PIT return. The following are the withholding tax rates on some categories of income.
| Types of income | Withholding tax rate |
|---|---|
| 1. Employment income | 5 – 37 % |
| 2. Rents and prizes | 5 % |
| 3. Ship rental charges | 1 % |
| 4. Service and professional fees | 3 % |
| 5. Public entertainer remuneration – Thai resident – non resident |
5 % 5 – 37 % |
| 6. Advertising fees | 2 % |
The corporate income tax rate in Thailand is 20 % on net profit (accounting periods 2015). However, the rates vary depending on types of taxpayers.
| Taxpayer | Tax Base | Rate (%) |
|---|---|---|
| 1. Small company1 | – Net profit from 300,000 not exceeding 3 millions baht – Net profit over 3 millions baht |
15% 20% (accounting periods 2015) |
| 2. Companies listed in Stock Exchange of Thailand (SET) | Net profit | 20% (accounting periods 2015) |
| 3. Companies newly listed in Stock Exchange of Thailand (SET) | Net Profit | 20% (accounting periods 2015) |
| 4. Company newly listed in Market for Alternative Investment (MAI) | Net Profit | 20% (accounting periods 2015) |
| 5. Bank deriving profits from International Banking Facilities (IBF) | Net Profit | 10% |
| 6. Foreign company engaging in international transportation | Gross receipts | 3% |
| 7. Foreign company not carrying on business in Thailand receiving dividends from Thailand | Gross receipts | 10% |
| 8. Foreign company not carrying on business in Thailand receiving other types of income apart from dividend from Thailand | Gross receipts | 15% |
| 9. Foreign company disposing profit out of Thailand | Amount disposed | 10% |
| 10. Profitable association and foundation | Gross receipts | 2% or 10% |
Notes:
1. A small company refers to any company with paid-up capital less than 5 million baht at the end of each accounting period.
