Tax Policy

Home / Corporate Governance / Tax Policy

Thai Wah Tax Policy

The Company strive to achieve sustainable and competitive company taxation and sustainable value and growth by adhering to and complying in accordance with all applicable laws and is guided by relevant international standards and we aim to comply with the spirit as well as the letter of the law. We are transparent in our tax communication to governments, fulfilling all statutory disclosure requirements on taxation includes excellence in tax governance, tax accountability and tax transparency building trust with societies and stakeholders.

  • We execution with regards to taxation, the Company complies with the Thai Revenue Code and tax laws.
  • We have framed by tax scheme to support our business in the most efficient by tax exemptions and tax incentives base on country tax policy, applying them in the areas that will relevant tax authorities in order to support investment, employment and reach the economic development.
  • With the objective of tax efficiency, we will seek to make use of legally available tax incentives, within the context of sound and sustainable business decision-making.
  • We will not enter into complex tax structures where the primary objective is accessing tax benefits and the sole purpose is tax avoidance.
  • we aren’t proceed to transfer profit between subsidiary and parent organization for lower tax rate.

In 2020, net profit before tax was 44,373,837 baht and corporate tax was 9,445,960 baht, the actual tax rate paid equal to 21.3 percent. This is different from the legal corporate income tax rate at 20, 25 percent.

Net profit
before tax (Baht)
Corporate tax
(Baht)
Actual tax rate
(percent)
2019 125,774,409 31,886,191 25.4
2020 44,373,837 9,445,960 21.3