What is SME corporate tax rates (Thailand)?
Reduced CIT rates for a small Thai company: 0% on net profit up to 300,000 baht, 15% from 300,001 to 3,000,000 baht and 20% above. The company needs paid-up capital of 5 million baht or less and sales and service income of 30 million baht or less.
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Current Rate
0% / 15% / 20% by profit band.
Example
An SME with 1,000,000 baht of net profit pays 0 on the first 300,000 baht and 15% on the next 700,000 baht: 105,000 baht in total.
How SME corporate tax rates (Thailand) works in Thailand
Both conditions must hold. Paid-up capital is tested on the last day of the accounting period, and income from sales and services over the whole period. If either test fails, all profit is taxed at 20%.
Finn checks both conditions from your books and registered capital before it uses the SME rates. It never applies them silently.
Related terms
Corporate income tax (CIT, ภาษีเงินได้นิติบุคคล) is the tax a Thai company or juristic partnership pays on its net profit. The standard rate is 20%. Small companies that meet two conditions pay lower rates on the first 3 million baht of profit.
P.N.D.50 is the annual corporate income tax return. A company or juristic partnership files it and pays the tax within 150 days of the last day of its accounting period.
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