Thailand Tax Overview

Thailand Tax Overview

Thailand tax system at a glance

Thailand taxes income under the Revenue Code, administered by the Revenue Department (Sรรพากร). The tax year is the calendar year for individuals; companies use their accounting period.

• Tax year for individuals — Calendar year (1 January – 31 December) ([Thai Revenue Code](https://taxsummaries.pwc.com/thailand/individual/taxes-on-personal-income))
• Tax year for companies — 12-month accounting period (may differ from calendar year) ([Thai Revenue Code](https://taxsummaries.pwc.com/thailand/corporate/taxes-on-corporate-income))
• Currency — Thai baht (THB) ((Thai Revenue Code))
• National tax authority — The Revenue Department (กรมสรรพากร), Ministry of Finance ([Thai Revenue Code](https://www.rd.go.th/english/))
• Individual residence test — 180 days (Tax resident if present in Thailand 180 days or more in a calendar year) ([Thai Revenue Code, Section 41](https://taxsummaries.pwc.com/thailand/individual/residence))
• Scope of taxation — Residents taxed on Thai-source income and on foreign-source income remitted into Thailand; non-residents taxed on Thai-source income only ([Thai Revenue Code, Section 41](https://taxsummaries.pwc.com/thailand/individual/taxes-on-personal-income))
• Headline personal income tax rate — Progressive 0% to 35% percent ([Thai Revenue Code, Section 48](https://taxsummaries.pwc.com/thailand/individual/taxes-on-personal-income))
• Standard corporate income tax rate — 20% percent (Thai Revenue Code, Section 65 bis / Royal Decree — https://taxsummaries.pwc.com/thailand/corporate/taxes-on-corporate-income)
• Does Thailand have VAT? — Yes — VAT applies at a standard rate of 7% percent ([Thai Revenue Code, Chapter 4 (Value Added Tax)](https://taxsummaries.pwc.com/thailand/corporate/other-taxes))
• Annual personal income tax return deadline — 31 March following the tax year (paper); typically extended ~8 days for e-filing ([Thai Revenue Code; Form PND.90 / PND.91](https://taxsummaries.pwc.com/thailand/individual/tax-administration))
• Annual corporate income tax return deadline — Within 150 days of the accounting period end (Form PND.50) ([Thai Revenue Code, Section 68; Form PND.50](https://taxsummaries.pwc.com/thailand/corporate/tax-administration))
• Pillar Two global minimum tax — 15% minimum top-up tax for large MNE groups, effective for fiscal years beginning on or after 1 January 2025 percent ((approx — confirm)) ([Emergency Decree on Top-up Tax B.E. 2567 (2024)](https://taxsummaries.pwc.com/thailand/corporate/taxes-on-corporate-income))