Thailand: Income and profits taxes

* indicates monthly or quarterly data series

Income, profits, and capital gains taxes: percent of revenue

 Latest value 30.91
 Year 2021
 Measure percent
 Data availability 1972 - 2021
 Average 26.42
 Min - Max 11.54 - 38.97
 Source The World Bank
For that indicator, we provide data for Thailand from 1972 to 2021. The average value for Thailand during that period was 26.42 percent with a minimum of 11.54 percent in 1972 and a maximum of 38.97 percent in 2008. The latest value from 2021 is 30.91 percent. For comparison, the world average in 2021 based on 103 countries is 25.15 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Thailand - Income and profits taxes - Recent values chart

Historical chart
Thailand - Income and profits taxes - historical chart - 1972-2021

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.73 2022 percent
 Government spending, in dollars 87.84 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -5.60 2022 percent
 Government debt 61.34 2023 percent
 Government expenditure 795.36 Q3/2023 billion
 Tax revenue 14.32 2021 percent
 Commercial tax rate 29.50 2019 percent
 Tax preparation time 229 2019 hours
 Number of taxes 21 2019 taxes
 Taxes on goods and services 42.86 2021 percent
 Taxes on international trade 3.11 2021 percent
 Income and profits taxes 30.91 2021 percent
 Foreign aid 131.44 2021 million U.S. dollars
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