Taxes on income, profits and capital gains in Thailand
Thailand: Taxes on income, profits and capital gains was 29.9% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Thailand, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Thailand is 29.9%, measured in 2024.
The figure is down 4.2% on the previous year and down 8.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Thailand peaked at 39.0% in 2008 and was at its lowest, 11.5%, in 1972.
Thailand ranks 46th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 53 years of available data.
Taxes on income, profits and capital gains in Thailand, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 11.5% | — |
| 1973 | 12.0% | +4.0% |
| 1974 | 12.5% | +4.3% |
| 1975 | 15.7% | +25.4% |
| 1976 | 16.0% | +2.2% |
| 1977 | 15.6% | -2.5% |
| 1978 | 18.1% | +15.5% |
| 1979 | 17.9% | -1.0% |
| 1980 | 17.4% | -2.8% |
| 1981 | 18.4% | +5.6% |
| 1982 | 20.2% | +10.1% |
| 1983 | 18.3% | -9.6% |
| 1984 | 19.8% | +8.1% |
| 1985 | 20.2% | +2.4% |
| 1986 | 20.1% | -0.8% |
| 1987 | 17.5% | -12.6% |
| 1988 | 19.4% | +10.6% |
| 1989 | 20.2% | +4.1% |
| 1990 | 23.8% | +17.8% |
| 1991 | 25.5% | +7.3% |
| 1992 | 27.3% | +7.0% |
| 1993 | 27.8% | +1.7% |
| 1994 | 29.7% | +7.0% |
| 1995 | 30.9% | +3.9% |
| 1996 | 31.7% | +2.7% |
| 1997 | 31.6% | -0.2% |
| 1998 | 28.4% | -10.3% |
| 1999 | 28.8% | +1.4% |
| 2000 | 29.8% | +3.8% |
| 2001 | 28.2% | -5.6% |
| 2002 | 29.8% | +5.8% |
| 2003 | 28.7% | -3.7% |
| 2004 | 32.0% | +11.5% |
| 2005 | 32.8% | +2.6% |
| 2006 | 36.6% | +11.5% |
| 2007 | 37.1% | +1.3% |
| 2008 | 39.0% | +5.2% |
| 2009 | 37.8% | -2.9% |
| 2010 | 33.2% | -12.2% |
| 2011 | 38.0% | +14.4% |
| 2012 | 36.9% | -3.0% |
| 2013 | 34.2% | -7.2% |
| 2014 | 32.6% | -4.6% |
| 2015 | 30.6% | -6.1% |
| 2016 | 29.8% | -2.7% |
| 2017 | 29.0% | -2.5% |
| 2018 | 29.5% | +1.6% |
| 2019 | 30.5% | +3.5% |
| 2020 | 29.0% | -4.9% |
| 2021 | 29.7% | +2.2% |
| 2022 | 32.2% | +8.7% |
| 2023 | 31.2% | -3.2% |
| 2024 | 29.9% | -4.2% |
Thailand compared with similar countries
- Thailand's 29.9% is above the median for upper middle income countries, which is 22.7%, 1.3× the median. (48 countries reporting)
- Thailand's 29.9% is above the median for East Asia & Pacific, which is 22.7%, 1.3× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.9% | 11.5% | 18.1% | 8 |
| 1980s | 19.1% | 17.4% | 20.2% | 10 |
| 1990s | 28.5% | 23.8% | 31.7% | 10 |
| 2000s | 33.2% | 28.2% | 39.0% | 10 |
| 2010s | 32.4% | 29.0% | 38.0% | 10 |
| 2020s | 30.4% | 29.0% | 32.2% | 5 |
Countries ranked near Thailand
More public sector data for Thailand
- Arms imports 73.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.02 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -74.91 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 73.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 77.06 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.89 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 5.52 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 569.59 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Thailand?
- Taxes on income, profits and capital gains in Thailand was 29.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Thailand?
- The highest recorded value was 39.0% in 2008.
- What is the lowest taxes on income, profits and capital gains recorded in Thailand?
- The lowest recorded value was 11.5% in 1972.
- How does Thailand rank for taxes on income, profits and capital gains?
- Thailand ranks 46th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Thailand?
- Over the last ten years it is down 8.4%. The long-run trend across the full record is rising.
- Where does this Thailand data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.