Tax Planning

We help companies properly handle Singapore and cross-border tax affairs, reduce risks, and achieve compliant tax savings. Our services include:

• Corporate Income Tax (CIT): The standard corporate income tax rate in Thailand is 20% of net profit. However, the rate varies depending on the type of taxpayer. For example, small companies are subject to rates of 15% to 20%, while some foreign companies not operating in Thailand may be taxed at a specific percentage of their total revenue (such as 10% or 15%).
• Value Added Tax (VAT): The general VAT rate in Thailand is 7%. A 0% rate applies to exports of goods and certain eligible services. Any individual or entity that regularly supplies goods or provides services in Thailand with an annual turnover exceeding 1.8 million Thai Baht, as well as importers, must pay VAT.
• Personal Income Tax (PIT): This tax uses a progressive rate ranging from 0% to 35%. For tax assessment, Thai residents (residing in Thailand for more than 180 days in any calendar year) are taxed on income derived from Thailand and income brought into Thailand from abroad, while non-residents are only taxed on income derived from Thailand.
• Specified Business Tax (SBT): Applicable industries primarily include banking, finance, life insurance, pawnbroking, and real estate. Tax rates vary by industry; for example, 3.0% for banking and 0.1% for real estate. In addition to the Specified Business Tax, a local tax of 10% is also levied.
• Stamp Duty: Stamp duty is levied on specific bills or instruments, not on transactions or individuals. Documents subject to stamp duty include land transfers, leases, stock transfers, life insurance, powers of attorney, and promissory notes. Tax rates vary, typically ranging from 1 to 200 Thai Baht.
• Petroleum Income Tax (PT): The tax rate depends on the taxpayer’s specific status and applicable laws, with common rates being 35% or 50%.

Kindly contact us to explore tax planning solutions designed to support your business goals.