Tax Base for Specific Business Taxation
The tax base for businesses subjected to specific business tax consists of the total revenues before deducting any expenses received or to be received from conducting the business, irrespective of whether these revenues are from within or outside the Kingdom.
Businesses subjected to specific business tax must pay tax calculated from the tax base, i.e., the revenues per the tax base of each type of business, multiplied by the stipulated tax rate, and must also pay local tax, which is 10 percent of the specific business tax amount. These businesses include:
Banking, Capital Market Businesses, Securities, Factoring, and Similar Commercial Banking Operations
Tax Base
- Interest, discounts, premiums, service fees, or profits before any deductions from the purchase or sale of money orders or any debt securities. Tax rate: 3.0 percent
- Profits before any deductions from currency exchange or buying/selling of currencies, issuing money orders, or international money transfers. Tax rate: 3.0 percent
Life Insurance Business
Tax Base
- Interest, premiums, service fees. Tax rate: 2.5 percent
Pawnshop Business
Tax Base
- Interest, premiums, service fees. Tax rate: 2.5 percent
Money, assets, compensation, or any benefits of value received or to be received from selling pawned items after their redemption period. Tax rate: 2.5 percent
Real Estate Trading
Tax Base
- Revenues before any deductions. Tax rate: 0.1 percent
Securities Sales in the Stock Market
Tax Base
- Revenues before any deductions. Tax rate: 0.1 percent (currently exempted)
Repurchase Agreement (Repo) Business Authorized by the Securities and Exchange Commission
Tax Base
- Profits before any deductions from securities repurchase, but not including interest, dividends, or any benefits from the securities. Tax rate: 3.0 percent
Factoring Business
Tax Base
- Interest, discounts, premiums, or service fees. Tax rate: 3.0 percent
Business Conducted under Royal Decree No. 469
Tax Base
- Interest, discounts, premiums, or service fees. Tax rate: 0.01 percent
- Profits before any deductions from currency exchange or buying/selling of currencies. Tax rate: 0.01 percent
- Profits before any deductions from securities repurchase. Tax rate: 0.01 percent
Data updated on November 16, 2020
Source: The Revenue Department, 90 Phaholyothin 7, Phayathai, Phayathai, Bangkok 10400
Tel. +66 2272 8000
For more information