On 3 August 2026, the Inland Revenue Department announced the corporate income tax rates applicable to entities for the fiscal year 2083/84. The notice details the uniform and sector‑specific rates that companies must apply to their taxable profits.
Key Takeaways
- Standard Rate: The general corporate tax rate remains at 25 % for most industries, aligning with the previous fiscal year’s policy.
- Sectoral Variations: Certain sectors such as banking, insurance, and telecommunications continue to be subject to higher rates (30 % or as prescribed), while select priority industries may benefit from reduced rates or tax holidays.
- Compliance Requirement: Enterprises must update their tax provisioning systems to reflect these rates, ensuring accurate calculation of quarterly advance tax and year‑end tax liabilities.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
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