Tailàndia: Entorn econòmic
Donations to specified charities or for public benefit, as well as those to education or sports associations, are deductible in the amount actually paid but not exceeding 2% of net profit.
Royalties, management service fees, and interest charges paid at arm’s length to foreign affiliates are also deductible.
From 2020, a Land and Construction Tax Act replaced the house and land tax and the local development tax. The maximum tax rate depends on the type of land/building and the appraisal value, as follows:
- for land used for agricultural purposes, the progressive tax rates range from 0.01% on land valued up to THB 75 million to 0.1% on land valued above THB 1 billion
- for land used for residential purposes, the progressive tax rates range from 0.02% on land valued up to THB 50 million to 0.1% on land valued above THB 100 million
- for land used for commercial purposes, the progressive tax rates range from 0.3% on land valued up to THB 50 million to 0.7% on land valued above THB 5 billion
- for land that is left unattended or that is not being utilized to the extent appropriate for its nature, the progressive tax rates range from 0.3% to 3% (the tax rate will increase by 0.3% annually if the land is not used).
Stamp duty is levied on different types of documents and instruments, including contracts for the hire of work, loans, share transfers, leases of land or buildings, and insurance policies.
Capital duty does not officially exist in Thailand; however, there is a one-time fee when registering a company.
Employers are required to contribute 5% of the employee's remuneration to the Social Security Fund (capped at a contribution of THB 750/month).
Thailand | East Asia & Pacific | United States | Germany | |
Number of Payments of Taxes per Year | 21.0 | 23.4 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 229.0 | 195.1 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 29.5 | 33.8 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
Individual income tax | Progressive rate from 0 to 35% |
From THB 0 to 300,000 | 5% |
From THB 300,001 to 500,000 | 10% |
From THB 500,001 to 750,000 | 15% |
From THB 750,001 to 1,000,000 | 20% |
From THB 1,000,001 to 2,000,000 | 25% |
From THB 2,000,001 to 5,000,000 | 30% |
Over 5,000,000 | 35% |
A standard deduction of 50%, capped at THB 100,000, is available in respect of employment income, whereas business deductions are not available against employment income.
Donations to educational institutions, public health care facilities, approved charities, and the Technology Development Fund for Education are deductible in the amount donated, capped at 10% of net income after all allowances and deductions (however, a double tax deduction is allowed in respect of donations to support certain educational programmes and cultural activities).
Health insurance premiums up to THB 15,000 paid to a life or non-life insurance business in Thailand for the taxpayer’s parents or the parents of the spouse of the taxpayer is allowable as a deduction. Premiums paid by a taxpayer for his own health insurance can be deducted up to THB 25,000.
Life insurance premiums paid by a taxpayer on one's own life are allowed as a deduction, provided that the insurance policies are for a minimum period of ten years and the insurer is carrying on a life insurance business in Thailand. If the policy includes a savings plan that provides an annual return to the policyholder exceeding 20% of the annual premium, the entire premium will be non-deductible. Health and life insurance premiums can be deducted up to an overall amount capped at THB 100,000 (including the health insurance premium deduction). In addition, premiums paid for life insurance for the taxpayer's spouse who does not earn an income are deductible up to a maximum of THB 10,000, provided the marital status exists throughout the tax year.
Mortgage interest incurred for the purpose of purchase or construction of a residential building in Thailand may be deducted up to THB 100,000. Retirement mutual fund contributions can be deducted up to 30% of assessable income received that is subject to income tax (limited at THB 500,000/tax year).
For business incomes, all expenses exclusively incurred for the purpose of the business may be deducted; or else the taxpayer can opt for a standard deduction ranging from 10% to 60%, according to the type of business.
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Actualitzacions: June 2023