In 2020, the tax rate for medium sized businesses in Thailand was 29.50 percent of commercial profits. It decreased from 2007, in which the tax rate for medium sized businesses was 35.90 percent of all profits in Thailand.
Total tax rate as a percentage of profits for medium sized businesses in Thailand from 2007 to 2020
As per the source, the total tax rate measures the amount of taxes payable by medium-size businesses after accounting for deductions and exemptions, expressed as a share of commercial profits. The taxes withheld (such as sales or value added tax or personal income tax) but not paid by the company are excluded. The total tax rate is designed to provide a comprehensive measure of the cost of all the taxes a business bears.
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World Bank. (October 8, 2021). Total tax rate as a percentage of profits for medium sized businesses in Thailand from 2007 to 2020 [Graph]. In Statista. Retrieved September 26, 2022, from https://www.statista.com/statistics/730963/thailand-total-tax-rate-for-medium-sized-businesses/
World Bank. "Total tax rate as a percentage of profits for medium sized businesses in Thailand from 2007 to 2020." Chart. October 8, 2021. Statista. Accessed September 26, 2022. https://www.statista.com/statistics/730963/thailand-total-tax-rate-for-medium-sized-businesses/
World Bank. (2021). Total tax rate as a percentage of profits for medium sized businesses in Thailand from 2007 to 2020. Statista. Statista Inc.. Accessed: September 26, 2022. https://www.statista.com/statistics/730963/thailand-total-tax-rate-for-medium-sized-businesses/
World Bank. "Total Tax Rate as a Percentage of Profits for Medium Sized Businesses in Thailand from 2007 to 2020." Statista, Statista Inc., 8 Oct 2021, https://www.statista.com/statistics/730963/thailand-total-tax-rate-for-medium-sized-businesses/
World Bank, Total tax rate as a percentage of profits for medium sized businesses in Thailand from 2007 to 2020 Statista, https://www.statista.com/statistics/730963/thailand-total-tax-rate-for-medium-sized-businesses/ (last visited September 26, 2022)
