Corporate Income Tax Thailand 2018
Corporate income tax Thailand 2018 under Thai tax law needs to be applied for all companies or juristic partnerships. Corporate income tax (“CIT”) is calculated on net profits derived from their worldwide activities. Those established under a foreign law carrying on business in Thailand are subject to CIT only on the net profits arising from their business activities in Thailand.
The term “company or juristic partnership” is defined to include entities such as limited partnerships, registered partnerships as well as unincorporated joint ventures.