Managed Payroll Services in Thailand

  • Payroll Processing Thailand

  • Fund Management Thailand

Our payroll outsourcing service will help you to comply with Thailand’s regulatory requirements and can be tailored to meet your individual company's needs.

The Services that we provide include:

  • Managing and processing payroll
  • Issuing payment instructions to bank
  • Provide secured payslips and reports
  • Preparation of Social Security Fund reports and returns
  • Preparation of Withholding Tax certificates and returns
  • Calculating Government Agency Payments
  • Administration of your company’s Provident Fund

Social Security Scheme

The Social Security Fund (SSF) relieves the insured person from difficulties such as sickness, maternity, child allowance, invalidity, death, old-age, and unemployment. The sources of funding are the employer, employee and government. The employees’ contribution is deducted from their wages.

Thailand Tax

The three main agencies under the Ministry of Finance that collects the main bulk of the taxes are the Revenue Department, the Excise Department, and the Customs Department.

Corporate Income Tax

A company that is incorporated under Thai law, or that is incorporated under foreign law and is carrying on business in Thailand / deriving income from Thailand, will be subjected to Corporate Income Tax. All income from domestic and foreign sources by a company incorporated in Thailand is taxable. All profits from the business in Thailand are taxable for companies that are incorporated under foreign law but are carrying on business in Thailand.

The CIT standard rate is 20%. For Small and Medium Enterprises (SME) with paid-up capital on the last day of any accounting period must not exceed Baht 5 million and income from the “sale of goods and provision of services” not exceeding Baht 30 million in any accounting period will be eligible for reduced CIT rates. The CIT rates from 2017 onwards for eligible SME are as follows:

2017 Corporate Income Tax Rates

Net Profit (Baht) Rate (%)
$0 – $300,000 0%
$300,001 – $3,000,000 15%
Over $3,000,000 20%

Personal Income Tax

Tax Residents are those residing in Thailand for a period aggregating more than 180 days in any tax year. They are taxable on income from sources in Thailand and on the portion of income from sources outside of Thailand that is brought into Thailand. On the other hand, non-tax residents are only subjected to tax on income from sources within Thailand.

The Personal Income Tax rates are applied on progressive tax rates, with the following rates applicable from 2017 tax year onwards. The taxable income is the assessable income, after the deductions and allowances.

2017 Personal Income Tax Rates

Net income (Baht) Rates (%)
$0 – $150,000 0%
$150,001 – $300,000 5%
$300,001 – $500,000 10%
$500,001 – $750,000 15%
$750,001 – $1,000,000 20%
$1,000,001 – $2,000,000 25%
$2,000,001 – $5,000,000 30%
Over $5,000,000 35%

Other Taxes

  • Value Added Tax (VAT) is tax that is levied on the supply of goods and services in Thailand calculated on the total price of the delivered goods and supplied services.
  • Specific Business Tax is applied on certain businesses that are excluded from VAT, usually applied in the financial services sectors.
  • Stamp duties are taxed on instruments, with varying rates according to the nature of the instruments or documents.
  • Custom duties are levied on imports and a limited number of exports. It is levied on a specific or ad valorem basis, whichever is higher.
  • Excise duty is imposed on a selected range of goods, whether locally manufactured or imported.
  • Property tax is levied on land and houses on the assessed rental value of the property.
Managed Payroll Services