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

• Tax Rate: Fixed (15% – 20%) depending on net profit

• Form Filed: ภ.ง.ด. 50/51