Private Fund

KAsset presents information about tax privileges and other benefits associated with the fund as basic data for your convenience; you are encouraged to study additional details.


Type of incomeIndividualJuristic person
Interest income15% withholding tax on interest income, which may not be included in income tax calculation at year-end

  • 1% withholding tax on interest income*
  • 10% withholding tax on interest income in case of foundation or association
  • Tax exemption on interest income in case of mutual fund
  • To be included in income tax calculation at year-end

Discount of/difference between redemption value and IPO price of debt instrument15% withholding tax on income earned by the first bondholder, which may not be included in income tax calculation at year-end

  • 1% withholding tax **
  • 10% withholding tax in case of foundation or association
  • Tax exemption in case of mutual fund
  • To be included in income tax calculation at year-end

Gain on sale of, or benefits from transfer of, debt instruments15% withholding tax on income, excluding non-interest bearing debt instruments, which may not be included in income tax calculation

  • No withholding tax
  • Tax exemption in case of mutual fund
  • To be included in income tax calculation at year-end

Capital gain Tax-exemptCapital gain must be included in corporate income tax calculation
Dividend on securities

  • 10% withholding tax on dividend received from a listed or limited company
  • 10% withholding tax on dividend received from a mutual fund, which may be included in income tax calculation at year-end
  • Tax exemption on dividend received from BOI-promoted companies

  • 10% withholding tax on dividend if income earner is not a listed company
  • Tax exemption on dividend if income earner is a listed company holding shares in a Thai-owned company or mutual fund which pays dividend, for at least three months before and after the dividend is paid
  • Tax exemption on dividend if income earner holds at least 25 percent of total shares of the company which pays dividend, for at least three months before and after the dividend is paid, and such a company does not hold shares in the income earner’s company
  • Tax exemption on dividend received from BOI-promoted companies

Note:

* Banks or companies under laws on finance, securities and credit foncier business and asset management companies are subject to 1-percent withholding tax on income earned from yields of bonds or debentures offered by companies or juristic ordinary partnerships operating in Thailand

** Excluding banks or companies under laws on undertaking of finance, securities and credit foncier business and asset management companies