Thailand is a country at the centre of the Southeast Asian Indochinese peninsula composed of 76 provinces. At 513,120 km2 (198,120 sq mi) and over 68 million people, Thailand is the world’s 50th largest country by total area and the 21st-most-populous country. The capital and largest city is Bangkok.

Capital: Bangkok

Currency: Baht

Timezone: UTC+7

Corporate tax rate: 20% (worldwide income)

Personal tax rate: 15-35% (territorial tax system. Worldwide income is only taxed if it is remitted to Thailand in the same year that it was derived)

Capital gains tax: Regular tax rate.

VAT: 10%

Tax residence: 180 days rule.

CFC Rules: No

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