=+=+=Union Consultant=+=+= Global Strategic Network

	Tax rate
Tax on net profit	30%
Tax on gross receipt
- International transport	3%
- Foundation and association (if taxable entity)
> Business income	2%
> Other income e.g. Interest, rent (Membership fee and donation are exempted)	10%

Depreciation allowance

For income tax purposes, fixed assets may be depreciated over the period of not shorter than the minimum pre-scribed period applicable to each fixed asset type e.g.

Buildings	- 20 years
Leasehold rights	- Period of lease
Furniuture, fixtures, machinery, equipment, motor vehicles	- 5 years

Limit of entertainment expenses

Entertainment expenses are tax-deductible if supported by necessary documents but subject to the limit of percentage of gross sales or paid up capital, whichever is higher:-

Gross Sales X 0.3%

Losses

Losses can be carried forward as a deduction against future profits within a prescribed period of five years.

		Tax rate
Remittance tax	(applicable to branch's profit remittance)	10%
Withholding tax*	(on payments made to overseas companies)
- Dividend		10%
- Profit on sale of stocks		15%
- Interest		15%
- Royalty		15%
- Service fees		15%
- Professional fees		15%
- Rent		15%

Remarks*

If recipients are in a country which has concluded a Double Taxation Agreement (DTA) with Thailand, reference should be made to the DTA as to the reduced tax rate and possible tax exemption.

List of countries having DTA with Thailand

Australia	Germany	Netherlands	Srilanka
Austria	Hungary	Norway	Sweden
Belgium	India	Pakistan	Switzerland
Canada	Indonesia	Philippines	United Kingdom
China	Israel	Poland	U.S.A.
Czechrepublic	Italy	Romania	Vietnam
Denmark	Japan	Singapore
Finland	Laos	South Africa
France	Malaysia	South Korea

Note to users:

All information provided is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the facts of the particular situation.