Tax Structure - Branch(Foreign Corporation) in Thailand,
Bangkok and Phuket

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Tax Structure for Branch (Foreign Corporation) in Thailand

A Branch (foreign Incorporation) is subject to tax on income generated in Thailand (under Section 66(2)) at the rate of 30% of net profit under Section 66 Bis of the Revenue Code, below is partial of its related of the Revenue Code and Tax Structure Summary.

Section 66 A company or juristic partnership incorporated under Thai laws or incorporated under foreign laws and carrying on business in Thailand shall pay tax in accordance with the provisions in this Part.
A company or juristic partnership incorporated under foreign laws and carrying on business in other places including Thailand shall pay tax on the net profits from the business or related to the business carried on in Thailand in an accounting period and the calculation shall follow Section 65 and Section 65 Bis. However, if the above net profits cannot be calculated, the provisions regarding the assessment of taxes under Section 71 (1) shall be applied mutatis mutandis.
Section 65 Taxable income under this Part is net profit which is calculated by deducting income from business or income arising from business carried on in an accounting period with expenses in accordance with conditions prescribed in Sections 65 Bis and 65 Ter.(partial)
Section 65 Bis The calculation of net profit and net loss under this Part shall follow the following conditions:(partial)
Section 65 Ter The following items shall not be allowed as expenses in the calculation of net profits: (partial)

Remark; The Revenue Code above you see full version at; http://www.rd.go.th/publish/37764.0.html#section66


Tax Structure Summary:

No.

Particulars

Nature

Scope

Frequency

1

PND. 1

Withholding personal income tax returns

Preparation, Submission  and Filling

Monthly

2

PND. 1 Kor

Withholding personal income tax returns (Special)

Preparation, Submission  and Filling & issuing Tax Certificate to the employees

Annual

3

PND. 2

Withholding Income Tax Return (Dividend, etc.)

Preparation, Submission  and Filling

Monthly

4

PND.3, PND.53

Withholding corporate income tax returns  (Domestic)

Preparation, Submission  and Filling

Monthly

5

PND.54

Withholding income tax remittance returns (Foreign)

Preparation, Submission  and Filling

Monthly

6

PND.50

Corporate Income Tax returns

Preparation, Submission  and Filling

Annual

7

PND.51

Corporate Income Tax returns

Preparation, Submission  and Filling

Half yearly

8

PND. 90

Personal Income Tax returns

Preparation, Submission  and Filling

Annual

9

PND. 91

Personal Income Tax Returns

Preparation, Submission  and Filling

Annual

10

PND. 94

Personal Income Tax Returns

Preparation, Submission  and Filling

Half yearly

11

PP.30

Value Added Tax Returns

Preparation, Submission  and Filling

Monthly

12

PP.36

Value Added Tax Remittance Returns

Preparation, Submission  and Filling

Monthly

13

PT.40

Specific Business Tax Returns

Preparation, Submission  and Filling

Monthly

You can visit our main page of Knowledge of Tax and Accounting matters at: http://www.panwagroup.com/knowledeaccountingtax.htm

 

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(for call inside Thailand use 0 instead of +66)
Fax:
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