Thai resident companies and branches of
foreign corporations are subject to corporate income tax at a flat
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rate of 20% on taxable profits. This rate applies to accounting
periods beginning on or after 1 January 2013.
Progressive corporate income tax rates of 0%, 15% and 20% apply
to locally incorporated companies with paid-up capital of not more
than THB5 million and revenue of not more than THB30 million
per year