#

Ease of Doing Business in

Thailand

Thailand Download Profile (1734.1KB, pdf)
Region East Asia & Pacific
Income Category Upper middle income
Population 67,959,359
GNI Per Capita (US$) 5,620
City covered Bangkok

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 46 46
0
72.53 71.65 down
0.88
Starting a Business 78 93 up
15
87.01 85.03 up
1.98
Dealing with Construction Permits 42 38 down
4
75.65 75.64 up
0.01
Getting Electricity 37 34 down
3
83.22 83.21 up
0.01
Registering Property 68 67 down
1
68.34 68.20 up
0.14
Getting Credit 82 97 up
15
50.00 45.00 up
5.00
Protecting Minority Investors 27 25 down
2
66.67 66.67
-
Paying Taxes 109 106 down
3
68.68 68.76 down
0.08
Trading across Borders 56 54 down
2
84.10 84.10
-
Enforcing Contracts 51 51
-
64.54 64.54
-
Resolving Insolvency 23 26 up
3
77.08 75.41 up
1.67

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

109

DB 2016 Rank:

106

Change in Rank:

down3

DB 2017 DTF (% points):

68.68

DB 2016 DTF (% points):

68.76

Change in DTF (% points):

down0.08

Indicator Thailand East Asia & Pacific OECD high income
Payments (number per year) info_outline 21 22.9 10.9
Time (hours per year) info_outline 266 198.0 163.4
Total tax rate (% of profit) info_outline 32.6 33.9 40.9
Postfiling index (0-100) info_outline 47.3 59.6 85.1
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% of profit) Notes on TTR
Corporate income tax 1 online 160 20% taxable profit 19.65
Employer paid - Social security contributions 12 48 5% gross salaries 5.15
Property tax 1 12.5% assessed property value 4.30
Business specific tax 1 online 3.3% taxable profit 2.00
Property transfer tax 1 2% sale price 1.21
Employer paid - Workmen compensation fund 1 0.2% to 1% gross salaries 0.22
Vehicle tax 1 Baht 3,600 fixed fee 0.04
Tax on interest 0 1% interest income 0.03 included in other taxes
Tax on check transactions 1 3 Baht per check 0.01
Fuel tax 1 Baht 5.31 per liter included into the fuel price 0.00 small amount
Value added tax (VAT) 1 online 58 7% value added 0.00 not included
Totals: 21 266 32.6
  • Taxes by type Answer
    Profit tax (% of profit) 21.6
    Labor tax and contributions (% of profit) 5.4
    Other taxes (% of profit) 2.6
    Answer Score
    Postfiling index (0-100) 47.3
    VAT refunds 68.0
    Does VAT/GST exist? Yes
    Frequency of VAT/GST refund submission monthly
    Does a VAT/GST refund process exist per the case study? Yes
    Restrictions on VAT refund process None
    Likelihood of VAT audit Highly likely
    Time to comply with VAT refund (hours) 16.0 68.0
    Time to obtain a VAT refund (weeks) 27.0 54.0
    Corporate income tax audits 45.0
    Does corporate income tax exist? Yes
    Likelihood of corporate income tax audit Likely
    Time to comply with a corporate income tax audit (hours) 31.5 45.0
    Time to complete a corporate income tax audit (weeks) 24.9 22.3
    Administrative appeal process
    First level administrative appeal authority Tax Appeal Committee
    Is the appeal authority independent? Independent department within tax office
    Are appeal guidelines accessible to the public? Yes
    Source of appeal guidelines Online/in printed publication/in person at tax office
    Is there a legal time limit for the appeal authority to issue a decision on the tax appeal? No
    Legal time limit

Notes:

Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.

The hours for VAT include all the VAT and sales taxes applicable.

The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

The postfiling index is the average of the scores on time to comply with VAT refund, time to obtain a VAT refund, time to comply with a corporate income tax audit and time to complete a corporate income tax audit.

N/A = Not applicable.