Tax Management
Tax Management
In its tax operations, the company complies with all applicable tax laws and regulations, maintaining tax management that is congruent with its business operations, characterized by transparency, fairness, and auditability, to maximize benefits for the company and all stakeholders. All company revenue is sourced from business operations within Thailand.
Effective Tax Rate
In 2023, the company's Effective Tax Rate was 19.28%. The corporate income tax rate in Thailand is 20%. The difference is due to deferred income tax (temporary differences between tax and accounting) and government tax measures allowing additional expense deductions beyond actual payments.
