1. Taxable Entities
Corporate income tax is levied on juristic companies and partnerships. For income tax purposes, "juristic companies and partnerships" include the following:
a. A limited company, a public company, or a juristic partnership (a limited partnership or a registered ordinary partnership) organized under Thai or foreign law.
b. A business or profit-seeking enterprise operated by a foreign government, an organization owned by a foreign government, or any other juristic person organized under a foreign law.
c. A joint venture.
d. A foundation or association engaged in any business that produces revenue.