CORPORATIONS
In Thailand, the tax on income of juristic entities is called corporate income tax. All juristic companies and partnerships established under Thai or foreign law which carry on business in Thailand are subject to corporate income tax. A domestic corporation is subject to tax on worldwide income, while a foreign corporation is subject to tax on income generated in Thailand. Tax is generally levied at the rate of 30% of net profits.
International transportation companies, associations, and foundations all fall within the scope of corporate income tax but only pay tax on gross receipts instead of on net profits.