How dividend tax works in Thailand
Dividends paid by Thai companies are generally subject to 10% withholding tax. Thai resident individuals may elect to exclude the dividend from annual taxable income and treat the withholding as final, which keeps the compliance simple for many investors.
For resident corporations, a 0% rate can apply if the recipient is a listed company on the Stock Exchange of Thailand or a qualifying Thai limited company holding at least 25% of the voting shares without cross-shareholding. Otherwise, the normal 10% rate is common.
Foreign dividends can still be taxable in Thailand if they are remitted by a Thai resident and the underlying income was earned from 1 January 2024 onward, so offshore portfolios still need source and timing records.
Tax rates at a glance
- Dividend withholding tax
- 10%Standard
- Resident individuals
- 10%
- Resident corporations
- 0% / 10%
- Non-residents
- 10%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsFoundersHolding companiesExpatsFamily offices
Watch out for
- Dividend tax in Thailand is mostly a withholding tax story, but foreign-source dividends can still be taxable on remittance for Thai residents.
- Treaty relief can reduce tax for non-residents, but the source-country paperwork has to be done correctly.
- For Thai resident individuals, dividend treatment can be a final WHT election or part of the broader annual tax calculation, depending on the facts.
Frequently asked questions
Does Thailand tax dividends?
Yes. Dividends from Thai companies are generally subject to 10% withholding tax.
Can Thai companies pay dividends at 0%?
In some cases, yes. Qualifying Thai corporate shareholders can receive a 0% rate if the statutory shareholding conditions are met.
Are foreign dividends taxed in Thailand?
They can be, if a Thai resident remits income earned from 1 January 2024 onward. The tax outcome depends on source, residence and remittance timing.