Thailand
Thailand: 4 company types, its taxes, banking and business environment, and what it is known for.
Forming a company
Company types in Thailand
The 4 forms a founder can choose here, each with its own figures. Open one for its sources.
What it is known for
Where Thailand is in the world’s top 10 on a measure anyone can check, the best rank first. Only the top is shown; a low rank is never stated.
- World’s2ndWorld-leading exports Air-conditioning machinesAir-conditioning machines, comprising a motor-driven fan and elements for changing the temperature and humidity, including those machines in which the humidity cannot be separately regulatedUS$8 bn · 11.7% of world exports of 197 exporters · 2024 CEPII BACI, January 2026 release See the top 10
- World’s2ndWorld-leading exports New pneumatic tyres, of rubberUS$7.8 bn · 7.7% of world exports of 193 exporters · 2024 CEPII BACI, January 2026 release See the top 10
- World’s2ndWorld-leading exports RiceUS$6.7 bn · 17.0% of world exports of 173 exporters · 2024 CEPII BACI, January 2026 release See the top 10
A rank is among everything the source reports for that year, so it moves when the source adds or drops economies. Exports include goods passing through for re-export. Nothing here is a recommendation.
Doing business here
Business accounts
Providers whose own published list of countries names Thailand. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Thailand.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Thailand: where to register, file and check.
Blocs and agreements
The trade arrangements Thailand belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
- ASEAN Free Trade Area (ATIGA)
- Free trade area · since 17 May 2010
Covers goods.
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ASEAN means the Association of Southeast Asian Nations, which comprises Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, Lao PDR, Malaysia, the Union of Myanmar,
- Regional Comprehensive Economic Partnership
- Free trade area · since 1 January 2022
Covers goods, services, investment.
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1 January 2022 Australia, Brunei Darussalam, Cambodia, China, Japan, Lao PDR, New Zealand, Singapore, Thailand, Viet Nam
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 20%
- Distributions
- Not in our records
- Audit
- Balance-sheet must be made at least once every twelve months and examined by one or more auditors, then submitted to a general meeting within four months of its date (CCC ss.1196-1197); auditors elected every year at an ordinary meeting (s.1209).Official The registry or ministry page as of 2026-10-10
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The balance-sheet must be examined by one or more auditors and submitted for adoption to a general meeting within four months after its date.
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- Not in our records
VAT
The tax on what the company sells in Thailand, and when it must register, as the tax authority states it.
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Thailand.
Tax calendar
When the main returns and payments fall due in Thailand, tax year 2025, as the tax authority states it.
- Corporate tax return
- 150 days after the end of the accounting period · each year
a company files its corporate income tax return (P.N.D.50) within 150 days from the closing date of its accounting period (30 May following a December year end).
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required to file their tax returns (Form CIT 50) within one hundred and fifty (150) days from the closing date of their accounting periods. Tax payment must be submitted together with the tax returns.
- Corporate tax, final payment
- 150 days after the end of the accounting period · each year
the corporate income tax is paid together with the annual return, within 150 days from the closing date of the accounting period.
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required to file their tax returns (Form CIT 50) within one hundred and fifty (150) days from the closing date of their accounting periods. Tax payment must be submitted together with the tax returns.
- Corporate tax, instalments
- 31 August · twice a year
a company estimates its annual net profit and pays half of the estimated tax within two months after the end of the first six months of its accounting period (31 August for a December year end); the prepaid tax is credited against the annual liability. The rule records the standard calendar-year date.
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pay half of the estimated tax amount within two months after the end of the first six months of its accounting period
- Personal income-tax return
- 31 March · each year
an individual files the personal income tax return and pays the tax by the last day of March following the taxable year.
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Taxpayer is liable to file Personal Income Tax return and make a payment to the Revenue Department within the last day of March following the taxable year.
- Personal income tax, final payment
- 31 March · each year
the individual income tax is paid together with the annual return, by the last day of March following the taxable year.
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Taxpayer is liable to file Personal Income Tax return and make a payment to the Revenue Department within the last day of March following the taxable year.
- Personal income tax, instalments
- 30 September · twice a year
an individual who earns certain income during the first six months of the taxable year files a half-yearly return and pays the tax by the last day of September (the rule records 30 September).
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file half - yearly return and make a payment to the Revenue Department within the last day of September
- VAT return
- Day 15 of the following month · each month
a VAT registrant files the VAT return (Form VAT 30) and pays the tax on a monthly basis within 15 days of the following month.
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must be submitted to Area Revenue Branch Office within 15 days of the following month
- Payroll withholding
- Day 7 of the following month · each month
the withholding agent files the withholding return and remits the tax withheld within seven days of the following month in which the payment is made (the Revenue Department states this seven-day rule for the withholding returns; e-filing is allowed a few days more). The rule records the seventh day of the month after the payment.
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within seven days of the following month in which the payment is made
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Thailand yet.
Economy and trade
What it exports
Goods Thailand exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Thailand’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included HS 8471 | 5.9% | 4.9% | 7.1% | US$24 bn |
| Telephone sets, including smartphones and other telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network), other than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528 HS 8517 | 3.2% | 3.7% | 4.7% | US$15.9 bn |
| Electronic integrated circuits HS 8542 | 5.4% | 5.1% | 3.8% | US$12.9 bn |
| Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), including station wagons and racing cars HS 8703 | 3.2% | 3.9% | 3.7% | US$12.5 bn |
| Motor vehicles for the transport of goods HS 8704 | 3.3% | 4.2% | 3.4% | US$11.7 bn |
| Parts and accessories of the motor vehicles of headings 8701 to 8705 HS 8708 | 2.6% | 2.6% | 2.6% | US$8.7 bn |
| Gold (including gold plated with platinum), unwrought or in semi-manufactured forms, or in powder form HS 7108 | 2.0% | 1.9% | 2.4% | US$8.3 bn |
| Air-conditioning machines, comprising a motor-driven fan and elements for changing the temperature and humidity, including those machines in which the humidity cannot be separately regulated HS 8415 | 2.6% | 2.5% | 2.4% | US$8 bn |
| New pneumatic tyres, of rubber HS 4011 | 2.3% | 2.2% | 2.3% | US$7.8 bn |
| Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils HS 2710 | 2.6% | 2.5% | 2.2% | US$7.4 bn |
Total goods exports, 2024: US$340.8 bn. The ten largest headings are shown.