Statutory corporate income tax rate in Thailand
Thailand: Statutory corporate income tax rate was 20.0% in 2018. ▼ Falling
Statutory corporate income tax rate in Thailand, 2000–2018
Source: OECD (2019) – processed by Our World in Data. Measured in %.
Analysis
Thailand recorded 20.0% for statutory corporate income tax rate in 2018. That is the lowest value across all 19 years on record.
That represents a change of down 33.3% over ten years.
Over the whole period, statutory corporate income tax rate in Thailand peaked at 30.0% in 2000 and was at its lowest, 20.0%, in 2013.
That places Thailand 54th out of 93 countries with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in Thailand, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 30.0% | — |
| 2001 | 30.0% | +0.0% |
| 2002 | 30.0% | +0.0% |
| 2003 | 30.0% | +0.0% |
| 2004 | 30.0% | +0.0% |
| 2005 | 30.0% | +0.0% |
| 2006 | 30.0% | +0.0% |
| 2007 | 30.0% | +0.0% |
| 2008 | 30.0% | +0.0% |
| 2009 | 30.0% | +0.0% |
| 2010 | 30.0% | +0.0% |
| 2011 | 30.0% | +0.0% |
| 2012 | 23.0% | -23.3% |
| 2013 | 20.0% | -13.0% |
| 2014 | 20.0% | +0.0% |
| 2015 | 20.0% | +0.0% |
| 2016 | 20.0% | +0.0% |
| 2017 | 20.0% | +0.0% |
| 2018 | 20.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.0% | 30.0% | 30.0% | 10 |
| 2010s | 22.6% | 20.0% | 30.0% | 9 |
Countries ranked near Thailand
More economy & growth data for Thailand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.97 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current US$), annual growth 9 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 8,057 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 1.55 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 32.88 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 264,922 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8419 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is statutory corporate income tax rate in Thailand?
- Statutory corporate income tax rate in Thailand was 20.0% in 2018, according to OECD (2019) – processed by Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Thailand?
- The highest recorded value was 30.0% in 2000.
- What is the lowest statutory corporate income tax rate recorded in Thailand?
- The lowest recorded value was 20.0% in 2013.
- How does Thailand rank for statutory corporate income tax rate?
- Thailand ranks 54th out of 93 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Thailand?
- Over the last ten years it is down 33.3%. The long-run trend across the full record is falling.
- Where does this Thailand data come from?
- The figures come from OECD (2019) – processed by Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Estimates correspond to the combined rates for central and sub-central government levels (i.e. central government corporate tax rate, less deductions for sub-national taxes, plus sub-central corporate tax rate). Figures correspond to the standard rate that is not targeted at particular industries or income types. The top marginal rate is reported if the corporate tax system is progressive.