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Corporate Income Tax in Thailand in 2021 : the complete recap

The standard rate for corporate income tax in Thailand is 20%. However, this rate varies based on the type of taxpayer. A reduced Tax Rate for SMEs and Companies promoted by the BOI  Small companies benefit from tax exemption up to 300,000 Baht (USD 9,620) while companies promoted by the Board of Investment (BOI) may be granted corporate tax exemptions up to 11 years