Tax Registration

The type of business in Thailand will affect tax rates and tax benefits according to the rules and regulations prescribed in the Thai Revenue Code. Foreign companies in Thailand have special tax requirements.

Foreign companies operating in Thailand

In general, companies conducting business in Thailand, whether majority Thai owned or foreign owned, are taxed at a rate according to their profit and their registered capital.

Thailand Tax Registration

Foreign companies seeking to set-up a branch or an office to conduct business in Thailand are required by Thai law to apply for tax identification number from the Thai Revenue Department.

Thailand tax filing and payments

Thai and foreign companies in Thailand are required to comply with the following tax returns and payments procedure two times in a year.

• Submit semi-annual tax return (CIT 51 form) within two months after the end of the first six months. Tax due shall be half of the entire year projection of the company’s annual net profit.

• Submit annual tax returns (CIT 50 form) within 150 days after the closing date of its accounting period.