Thailand Corporate Income Tax
Detailed corporate income tax rates and rules for Thailand in 2026.
Thailand's standard corporate income tax rate is 20%. Small and medium enterprises (SMEs) with paid-up capital not exceeding THB 5 million and revenue not exceeding THB 30 million enjoy reduced rates: 0% on the first THB 300,000 and 15% on THB 300,001-3,000,000 of net profit. Companies granted BOI (Board of Investment) privileges may receive 3-13 year corporate tax holidays and other incentives depending on the activity and location. Listed companies on the SET may receive a reduced rate of 15% for a specified period.
Standard Rate
20%
Small Business Rate
15%
Additional Notes
Thailand's Board of Investment (BOI) offers generous incentives including corporate tax exemptions, import duty exemptions, and permission for foreign majority ownership. Special Economic Zones and the Eastern Economic Corridor (EEC) provide additional tax benefits. Transfer pricing rules follow OECD guidelines, and Thailand has implemented Country-by-Country Reporting requirements.
How Thailand Corporate Tax compares
Thailand’s corporate tax rate of 20% is the 127th highest of 203 countries TaxAtlas tracks, below the global average of 22.2% and Asia’s regional average of 19.7%.
