Types of Taxes in Thailand
Main taxes businesses should know:
- Value Added Tax (VAT) 7% - Collected on goods and services sales
- Corporate Income Tax 20% - Collected on net profit
- Withholding Tax 1-5% - Deducted when paying for services
Tax Filing Schedule
| Tax | Form | Deadline |
|---|---|---|
| Half-year Income Tax | PND.51 | Within 2 months after half-year |
| Annual Income Tax | PND.50 | Within 150 days after year-end |
| VAT | PP.30 | 15th of following month |
Tax Deductions
Legal ways to reduce tax burden:
- Record all expenses completely
- Use depreciation allowances
- Use BOI privileges (if applicable)
- Charitable donations