Taxes on income, profits and capital gains in Thailand
Thailand: Taxes on income, profits and capital gains was 39.9% 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 total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Thailand is 39.9%, measured in 2024.
Compared with earlier readings it is down 1.0% on the previous year and down 1.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Thailand peaked at 47.7% in 2008 and was at its lowest, 13.5%, in 1974.
Thailand ranks 64th 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 total taxes | Change |
|---|---|---|
| 1972 | 13.6% | — |
| 1973 | 14.0% | +3.3% |
| 1974 | 13.5% | -4.0% |
| 1975 | 18.0% | +33.5% |
| 1976 | 18.2% | +1.4% |
| 1977 | 17.4% | -4.3% |
| 1978 | 20.1% | +15.3% |
| 1979 | 19.9% | -1.2% |
| 1980 | 19.3% | -2.6% |
| 1981 | 21.1% | +8.8% |
| 1982 | 23.0% | +9.1% |
| 1983 | 20.5% | -10.7% |
| 1984 | 22.3% | +8.8% |
| 1985 | 23.3% | +4.6% |
| 1986 | 23.1% | -0.9% |
| 1987 | 20.1% | -12.9% |
| 1988 | 21.6% | +7.2% |
| 1989 | 22.5% | +4.5% |
| 1990 | 26.5% | +17.4% |
| 1991 | 28.3% | +7.0% |
| 1992 | 31.1% | +9.7% |
| 1993 | 31.6% | +1.8% |
| 1994 | 33.7% | +6.5% |
| 1995 | 34.9% | +3.5% |
| 1996 | 35.8% | +2.6% |
| 1997 | 36.4% | +1.7% |
| 1998 | 33.1% | -9.0% |
| 1999 | 34.6% | +4.4% |
| 2000 | 35.8% | +3.4% |
| 2001 | 36.3% | +1.4% |
| 2002 | 35.9% | -1.0% |
| 2003 | 36.4% | +1.2% |
| 2004 | 39.5% | +8.6% |
| 2005 | 40.2% | +1.8% |
| 2006 | 43.9% | +9.2% |
| 2007 | 44.7% | +1.9% |
| 2008 | 47.7% | +6.7% |
| 2009 | 46.6% | -2.4% |
| 2010 | 42.3% | -9.1% |
| 2011 | 46.1% | +8.9% |
| 2012 | 45.2% | -1.8% |
| 2013 | 41.2% | -9.0% |
| 2014 | 40.4% | -1.9% |
| 2015 | 38.7% | -4.3% |
| 2016 | 38.1% | -1.5% |
| 2017 | 37.2% | -2.3% |
| 2018 | 37.9% | +2.0% |
| 2019 | 39.7% | +4.6% |
| 2020 | 38.4% | -3.3% |
| 2021 | 37.8% | -1.4% |
| 2022 | 40.4% | +6.9% |
| 2023 | 40.3% | -0.4% |
| 2024 | 39.9% | -1.0% |
Thailand compared with similar countries
- Thailand's 39.9% is above the median for upper middle income countries, which is 37.1%, 1.1× the median. (48 countries reporting)
- Thailand's 39.9% is above the median for East Asia & Pacific, which is 39.9%, 1.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.8% | 13.5% | 20.1% | 8 |
| 1980s | 21.7% | 19.3% | 23.3% | 10 |
| 1990s | 32.6% | 26.5% | 36.4% | 10 |
| 2000s | 40.7% | 35.8% | 47.7% | 10 |
| 2010s | 40.7% | 37.2% | 46.1% | 10 |
| 2020s | 39.4% | 37.8% | 40.4% | 5 |
Countries ranked near Thailand
- 61 Philippines 40.3% compare
- 62 El Salvador 40.2% compare
- 63 Marshall Islands 39.9% compare
- 65 Azerbaijan 39.4% compare
- 66 Estonia 39.4% compare
- 67 Peru 39.2% compare
More public sector data for Thailand
- Democracy, 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)
- Elected parliament, 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)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Thailand?
- Taxes on income, profits and capital gains in Thailand was 39.9% 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 47.7% in 2008.
- What is the lowest taxes on income, profits and capital gains recorded in Thailand?
- The lowest recorded value was 13.5% in 1974.
- How does Thailand rank for taxes on income, profits and capital gains?
- Thailand ranks 64th 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 1.3%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.