Taxes on income, profits and capital gains (% of revenue) in Thailand
Thailand: Taxes on income, profits and capital gains (% of revenue) 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 47th 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 (% of revenue) 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
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 33.00 million SIPRI trend indicator values (2025)
- 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)
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 47th 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.
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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.