B-Accounting provides high quality services to SME's as well as larger organizations at a reasonable price.
T (+66 (0)2 026 3290
Email: info@b-accounting.com
B-Accounting co., LTD
92/46 Sathorn Thani Building 2,
17th Floor, North Sathorn Road, Silom, Bangrak
Bangkok 10500, Thailand
Deductible Expenses:
Ordinary and necessary expenses with special the rates appearing hereinafter:
1. Deduction of 200% on equipment invested for the disabled.
2. Deduction of 200% on Research and Development costs.
3. Deduction of 200% on training costs.
✓ Interests, excluding interests on capital reserves or funds of the company. Taxes except VAT and CIT.
✓ Net losses carried forward (5 years).
✓ Wear and tear.
✓ Donations: no more than 2% of net profits.
✓ Bad Debts only if a procedure has been launched to the court of Thailand.
✓ Provident fund contributions.
✓ Entertainment costs up to 0.3% of gross incomes and not exceeding THB 10M.
✓ Annual Asset Depreciation according to authorized rates
Non deductible expenses:
✓ Expenses which supporting documentation is not sufficient (agreements and any other serious proofs justifying the expense);
✓ Expenses which recipient is not identifiable (no company name, no address);
✓ Allocations to reserves;
✓ Fines & penalties;
✓ Expenditure incurred relating to a prior period which had not been accrued as at the end of that period;
✓ Withholding taxes paid on behalf service providers or landlord.
TAX PAYER |
TAX BASE |
RATE |
---|---|---|
1. Companies not appearing below | Fiscal Profit |
20% |
2. Small companies with a paid-up capital not exceeding THB 5M Baht and income less than THB 30M |
Fiscal profit not exceeding 0.15m Baht | Exempt |
Fiscal profit over THB 0.15M and less than THB 1M | 15% | |
Fiscal profit more than THB 1M and less than THB 3M | 20% | |
Fiscal profit more than THB 3M | 20% | |
3. Foreign companies not leading activities in Thailand but receiving dividends | Gross dividends | 10% |
4. Foreign companies not leading activities in Thailand and receiving incomes other than dividends |
Gross receipts | 15% |
5. Foreign company remitting profit out of Thailand |
Amount remitted |
10% |
6. Regional Operating Headquarters (ROH) |
Net profit |
10% |
7. BOI Licensed companies |
Net profit |
0% |