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8.1.1. Other Taxes

The following table provides an overview of other taxes that may be imposed on a company doing business in the country.

Tax Type Rate(s) Notes
Capital Duty Nil There is no capital duty in Thailand.
Payroll Tax Nil There is no payroll tax separately due by companies on their total payroll expenditure. Employers are required to withhold income tax and social security premiums on behalf of their employees and remit to the authorities.
Social Security Employer Contribution 5% Employer contributions are equal to 5% of monthly salary, with a monthly salary basis cap of THB 15,000. Thailand has temporarily reduced the rate of the employer contribution from 5% to 1% for the period May 2022 to July 2022.
Social Security Employee Contribution 5% Employee contributions are equal to 5% of monthly salary, with a monthly salary basis cap of THB 15,000. Thailand has temporarily reduced the rate of the employee contribution from 5% to 1% for the period May 2022 to July 2022.
Property Tax/Land and Building Tax Varies depending on the type/use of the property A tax of 12.5% is levied on the assessed rental value of buildings and land. Effective from 1 January 2020, a Land and Building Tax (LBT) has replaced the property tax. LBT is levied on legal entities with ownership or usage rights over land or buildings, including apartment units. The basis for the tax is the official assessed value of the property, as determined by the government authority for the purpose of collecting registration fees. The actual applicable rates will be set by subsequent decree but may not exceed the following based on the property type: Agriculture - 0.15%, Residential - 0.30%, and Other (including unused/vacant land) - 1.2%. For the first two years beginning 1 January 2020, transitional progressive tax rates will apply depending on the nature of the property.
Transfer Tax ~6.3% Transfers of immovable property are subject to a transfer fee of 2% of the appraised value of the property, plus a 1% withholding tax if the seller is a company. A Specific Business Tax (SBT) at a total rate of 3.3% is also charged, although certain exemptions may apply, such as the transfer of property as part of the transfer of a business. If SBT is not charged, stamp duty applies at the rate of 0.5%.
Stamp Duty Varies Stamp duty applies for various types of documents and instruments executed in Thailand at rates ranging from THB 1 to THB 1000. For loans, the rate is THB 1 per 2000 of the amount, for mortgages, the rate is THB 1 per 1000 of the amount, and for share transfers, the rate is 0.1% of the transfer value. A 0.5% rate applies for certain immovable property transfers.
Excise Taxes Varies Excise taxes are levied on a number of goods manufactured in or imported into Thailand, including tobacco products, alcoholic and non-alcoholic beverages, fuels, motor vehicles, and others. Excise taxes are also levied on certain services, including telecommunications services.
Customs Duty 0% to 80% Customs duty is levied on most imports into Thailand at the rate of up to 80%. Export duty applies for certain goods, including rice and rubber. In response to the COVID-19 pandemic, Thailand has exempted the import duty on goods used for treatment, diagnosis, or prevention of COVID-19.
Specific Business Tax (SBT) Varies Specific Business Tax (SBT) is imposed at varying rates on certain businesses/transactions generally not subject to VAT. The rate is 3% for the transfer of immovable property, and for banking and financial services. For life insurance, the rate is 2.5%. A municipal surcharge of 10% on SBT also applies.