Total tax rate as a percentage of commercial profits reached 0.295 % in 2018 in Thailand, according to the National Statistical Office. This is 2.79 % more than in the previous year.
Historically, total tax rate as a percentage of commercial profits in Thailand reached an all time high of 0.364 % in 2005 and an all time low of 0.260 % in 2014. When compared to Thailand's main peers, total tax rate as a percentage of commercial profits in Cambodia amounted to 0.217 %, 0.241 % in Laos, 0.392 % in Malaysia and 0.312 % in Myanmar in 2018.
Thailand has been ranked 131st within the group of 172 countries we follow in terms of total tax rate as a percentage of commercial profits, 17 places behind the position seen 10 years ago.
The total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits.