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Thailand Tax Guide

Asia
Updated January 2025
Sources + last updated

This page includes citations to the sources used for this entry. Always verify with official sources before making decisions.

Personal Tax Score
72/100
Tax Friendly
Business Tax Score
75/100
Tax Friendly

Personal Income Tax

Tax Residency

Day Threshold
180 days
Note
180 days in a calendar year

Income Tax Rates

Top Marginal Rate
35%
Structure
Progressive 0-35%

Foreign Income Treatment

System
Territorial
Details
Foreign income generally exempt unless remitted to Thailand in year earned

Investment Income

Capital Gains
0%
Dividends
10%
Interest
15%

Exempt on securities traded on Thai stock exchange


Wealth & Inheritance

Wealth Tax
No - No wealth tax
Inheritance Tax
No - Inheritance tax introduced 2016 but limited scope

Special Regimes

Long-Term Resident (LTR) Visa
10-year visa with 4 categories: Wealthy Global Citizens (0% on foreign income), Wealthy Pensioners (0% on foreign income), Work-from-Thailand Professionals (17% flat on Thai employment income), and Highly-Skilled Professionals (17% flat). Requires $80K+/year income or $1M+ assets depending on category.

Practical Notes

Since January 2024, all foreign income remitted to Thailand is taxable regardless of when earned. LTR visa holders in Wealthy Global Citizen/Pensioner categories exempt from tax on foreign income. Work-from-Thailand Professionals pay 17% flat. Without LTR, manage remittances carefully.

Business & Corporate Tax

Corporate Income Tax

Headline Rate
20%
Effective Rate Note
20% corporate tax; SME rates available
Free Zone / Incentives
BOI promoted activities offer tax holidays

Withholding Taxes

Dividends
10%
Interest
0-15%%
Royalties
0-15%%

VAT / GST

Rate
7%
Note
7% VAT (temporarily reduced from 10%)

Compliance & Substance

Substance Requirements
Moderate - BOI requirements apply
Compliance Friction
Moderate

Notable Regimes

  • BOI tax holidays
  • IEAT free zones

Data Sources

Last updated: January 2025. Always verify with official sources before making decisions.

FAQ

What is the personal income tax rate in Thailand?

Thailand has a top personal income tax rate of 35%. The tax structure is: Progressive 0-35%. See the detailed breakdown above and verify with official sources.

Do I need to pay tax on foreign income in Thailand?

Thailand uses a territorial system for foreign income. Foreign income generally exempt unless remitted to Thailand in year earned

What are the residency requirements for Thailand?

Tax residency in Thailand generally requires 180 days of physical presence. 180 days in a calendar year. Always verify current rules with official sources.

Is there a wealth tax in Thailand?

No, Thailand does not have a wealth tax. No wealth tax

What is the corporate tax rate in Thailand?

The corporate tax rate in Thailand is 20%. 20% corporate tax; SME rates available