Knowledge
Which option should you choose? Sole Proprietor vs. Corporate Taxation
If you are working as a freelancer or do not have employees, filing as an individual taxpayer may be more suitable. However, if you have a team or plan to expand your business, registering as a corporation can help reduce certain tax liabilities. Not sure which option to choose? Consult
22/05/2025
Personal Income Tax vs. Corporate Tax: How Are They Different?
Corporate Income Tax • Suitable for: Individuals, freelancers, employees • Tax Rate: Progressive (5% – 35%) based on income • Form Filed: ภ.ง.ด. 90/91 • Deductions: For example, parental support, children, life insurance, pension funds, etc. Corporate Income Tax • Suitable for: Businesses registered as companies or limited partnerships •
22/05/2025
