1. COSTS OF DOING BUSINESS IN THAILAND
2014

2. 2
COSTS OF DOING BUSINESS IN THAILAND 2014
CONTENTS
Page
TYPICAL COSTS OF STARTING AND OPERATING A BUSINESS
4
TAX RATES AND DOUBLE TAXATION AGREEMENTS
Tax Rates
Excise Tax
LABOR COSTS
5
5
6
8
IT Positions
Translation Costs
Overtime Regulations
Severance Payment Entitlements
2013 Minimum Wages
OFFICE OCCUPANCY COSTS IN ASIA PACIFIC
8
10
10
10
11
11
RENTAL FACTORY INDUSTRY
12
UTILITY COSTS
Water Rates for Regional Areas
Electricity Tariffs
12
12
13
TRANSPORTATION COSTS INCLUDING FUEL COSTS AND FREIGHT RATES
Retail Oil Prices
Retail LPG Prices
Shipping Cargo Rates from Bangkok
Cost of Express Postal Service from Bangkok
Air Cargo Rates from Bangkok
Rail Transportation Costs
Fuel Surcharge
17
17
18
18
18
20
20
21
COMMUNICATIONS COSTS
Cost of Mobile Phone Handset
International Telephone Rates (ISD 001/ 009/ CAT PhoneNet)
Fixed Line Service
Y-tel 1234 Rates (Press 1234 + phone number)
International Telephone Rates (ISD 007/ 008)
International Private Leased Circuit (Half Circuit)
TOT Satellite Package
Monthly Internet Rates (Unlimited Access Hours)
Internet – IPStar
21
21
22
24
24
24
26
26
26
27

3. COSTS OF DOING BUSINESS IN THAILAND 2014
Page
INDUSTRIAL ESTATES AND FACILITIES
28
MISC. COSTS AND INFORMATIONS
Serviced Apartments Average Achieved Rents of Grade A Units by Area, Q1 2013
Apartments Achieved Rents Area and Grade, Q1 2013
Individual Health Care
Automobile Costs
Car Lease
New Automobile
Cinema Tickets
International School Fee Structures (Academic Year 2013-2014)
Bank Holidays for 2014
Social Club Memberships
Health Clubs
Golf Clubs
Thai Graduates by Major
Foreign Students in Thai Higher Education Institutions
SeaPorts in Thailand
Vehicle Domestic Sales
International Airports in Thailand
Low Cost Airlines in Thailand
Driving Distance Chart
50
50
50
50
50
51
51
51
52
54
55
56
57
58
58
58
59
60
62
63
CONTACT US
64
3

4. 4
COSTS OF DOING BUSINESS IN THAILAND 2014
Note: All US$ conversions are calculated at a rate of US$1 = 29.84 baht (average exchange rate for the first half of 2013)
Source: Bank of Thailand
TYPICAL COSTS OF STARTING AND OPERATING A BUSINESS
1. Visas (government fee) (1)
Baht
US$
Work permit (process time 1-10 days)
3 months
750
25.13
6 months
1,500
50.26
1 year
3,000
100.53
2 years
6,000
201.07
One-year visa (1-30 days)
1,900
63.67
Re-entry permit (process time 1 day)
Single entry
1,000
33.51
Multiple entry
3,800
127.34
Work permit (new) (1-14 days)
40,000
1,340.48
Visa extension (1-30 days)
35,000
1,172.92
4,000
134.04
1 a. Visas (typical fee charged by a law firm to process) (1)
Re-entry permit (2 days)
2. Registration (government fee) (1)
Company registration (21 days)
5,500 per 1 million
184.31 per 33,512.06
(275,000 maximum)
(9,215.81 maximum)
List 2 Alien business license (60-90 days)
40,000 - 500,000
1,340.48 - 16,756.03
List 3 Alien business license (60-90 days)
20,000 - 250,000
670.24 - 8,378.01
500 - 60,000
16.75 - 2,010.72
20,000 yearly
670.24 yearly
Factory license (30-45 days)
3. Accounting (1)
Tax returns and VAT
Review/draft contracts, agreements
4. Office achieved rents (2) (based on net area, including air-conditioning during
office hours, management charges, and local property tax)
40,000 up
1,340.48 up
Per square meter per month
Grade A
CBD/Non-CBD
787/ 587
Grade B
543/ 512
5. Construction Cost (3)
CBD/Non-CBD
26.37/ 19.67
18.19/ 17.15
Per square meter
Industrial Building
Factory construction*
Electrical fit-up**
Air-conditioning***
14,500
485.92
5,200
3,800
174.26
127.34
33,000
1,105.89
Office Building
General office construction****
Notes: - These rents are inclusive of management fees and air-conditioning
- The rent-free period ranges between one to two months
- Grade A indicates superior premises, Grade B somewhat less so.
*
4,000 m2 as example, with 200 m2 office space, Western sanitary ware and fit-ups, excludes cost of land, electric fit-ups and air
conditioning. Assumes 5 meters minimum center truss height in production area
**
Includes cost of 1,000 kVA power transformer, Main and Sub Distribution electric panels, general lighting, wiring and receptacles
for 4,000 m2 example.
***
Includes office, restrooms, and utility areas; however, does not include production or storage areas.
****
Grade B cement construction, 5 floors, 500 m2 per floor (2,500 m2 total), aluminum framed windows/doors, T Bar dropped
ceiling with recessed lighting, includes cost of air conditioning and electrical and Western sanitary fit-ups. Wide modern stair
wells, no lifts, excluding land cost and related permits.
Source: (1) Tilleke & Gibbins International Limited, as of May 2013 Website: www.tillekeandgibbins.com
(2) CBRE Research, Q1 2013 Website: www.cbre.co.th
(3) Source Thai Co., Ltd., as of October 2012

5. COSTS OF DOING BUSINESS IN THAILAND 2014
5
TAX RATES AND DOUBLE TAXATION AGREEMENTS
Tax Rates
Corporate Income Tax
A. Tax on net corporate profits
1)
Ordinary company
-
For the next two accounting periods starting on or after the 1 January 2013
2)
Small company (paid up capital not exceeding 5 million baht and revenue not exceeding
30 million baht
-
Net profit not exceeding 300,000 baht
-
Net profit over 300,000 baht but not exceeding 1 million baht
-
Net profit exceeding 1 million baht
Note: For the accounting periods starting on or after the 1 January 2013
3)
Regional Operating Headquarters (ROH)
4)
Bank deriving profits from International Banking Facilities (BIBF)
B. Tax on gross receipts
1)
Association and foundation
- For income under Section 40 (8)
- Otherwise
2)
Foreign company engaging in international transportation
C. Remittance tax
Foreign company disposing profits out of Thailand
D. Foreign company not carrying on business in Thailand receiving income from Thailand
1)
Dividends
2)
Interests
3)
Professional fees
4)
Rents from hiring property
5)
Royalties from goodwill, copyright and other rights
6)
Service fees
Personal Income Tax
Level of taxable income (baht)
1 – 100,000
100,001 – 500,000
500,001 – 1,000,000
1,000,001 – 4,000,000
Over 4,000,000
Rate
20%
Exempt
15%
20%
10%
10%
2%
10%
3%
10%
10%
15%
15%
15%
15%
15%
Marginal Tax Rate
5%
10%
20%
30%
37%
Notes: - Net income of 150,000 baht is exempted
- Expatriates working for ROH can elect to be taxed at the rate of 15% on gross income for 4 years instead of normal progressive
tax rates
Withholding Tax from Bank Deposits
A.
For individuals
B.
For companies
C.
For foundations
Rate
15%
1%
10%
Value Added Tax
Level of taxable income (baht)
Over 1,800,000
Rate
7%

6. 6
COSTS OF DOING BUSINESS IN THAILAND 2014
Double Taxation Agreements Exist With the Following Countries:
Armenia, Australia, Austria, Bahrain, Bangladesh, Belgium, Bulgaria, Canada, China, Cyprus, Czech Republic, Chile, Denmark, Finland,
France, Germany, Hong Kong, Hungary, India, Indonesia, Israel, Italy, Japan, Korea, Kuwait, Laos, Luxembourg, Malaysia, Mauritius,
Nepal, The Netherlands, New Zealand, Norway, Oman, Pakistan, The Philippines, Poland, Romania, Russia, Seychelles, Singapore,
Slovenia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Turkey, Ukraine, United Arab Emirates, United Kingdom of Great Britain
and Northern Ireland, United States, Uzbekistan, Vietnam, Myanmar, and Chinese Taipei
Source: Revenue Department, as of May 28, 2013
Website: www.rd.go.th
Excise Tax
(Examples of excise tax ... for full list, contact www.excise.go.th)
Product
Petroleum and petroleum products
Gasoline and similar products
· Unleaded gasoline
· Gasoline other than unleaded gasoline
· Gasohol with not less than 9 percent of ethanol
· Gasohol E20
· Gasohol E85
Kerosene and similar lighting oil
· Kerosene and similar lighting oil
Fuel oil for jet plane
· Fuel oil for jet airplane which is not aircraft
· Fuel oil for jet airplane for domestic aircraft per regulations, procedures, and conditions specified by
Director General
Diesel and other similar types of oil
· Diesel with sulphuric content exceeding 0.005% by weight
· Diesel with sulphuric content not exceeding 0.005% by weight
· Diesel with Methyl Esters biodiesel of fatty acid not less than 4% as per rules, procedures and conditions
specified by Director General
Natural gas liquid (NGL) and similar products
· NGL and similar products
· NGL and similar products to be used in refining process of a refinery
Liquid petroleum gas (LPG), propane and similar products
· LPG and propane, and similar products
· Liquid propane and similar products
Electrical Appliances
Air–conditioning unit with motor-driven fan and thermostat, whether or not with humidity control unit
with capacity of not exceeding 72,000 BTU/hour
(1) for used in vehicle
(2) others from (1)
Automobile
Passenger car
· with cylindrical volume not exceeding 2,000 cc and engine power not exceeding 220 horse power (HP)
· with cylindrical volume exceeding 2,000 cc but not exceeding 2,500 cc and engine power not exceeding
220 horse power (HP)
· with cylindrical volume exceeding 2,500 cc but not exceeding 3,000 cc and engine power
not exceeding 220 horse power (HP)
· with cylindrical volume exceeding 3,000 cc or with engine power of exceeding 220 horse power (HP)
Pick-up passenger vehicle (PPV)
· with cylindrical volume not exceeding 3,250 cc
· with cylindrical volume exceeding 3,250 cc
Tax Rate
7.00 baht per liter
7.00 baht per liter
6.30 baht per liter
5.60 baht per liter
1.05 baht per liter
3.055 baht per liter
3.00 baht per liter
0.20 baht per liter
5.310 baht per liter
0.005 baht per liter
0.005 baht per liter
5.31 baht per liter
exempted
2.17 baht per kg
2.17 baht per kg
15%
exempted
30%
35%
40%
50%
20%
50%

7. COSTS OF DOING BUSINESS IN THAILAND 2014
Product
Double cab vehicle with specifications as per specified by the Ministry of Finance
· with cylindrical volume not exceeding 3,250 cc
· with cylindrical volume exceeding 3,250 cc
Passenger car with specification as per specified by the Ministry of Finance which is made from pick-up truck or
chassis with windshield of pick-up truck or modified from pick-up truck
· Manufactured or modified by industrial entrepreneurs with cylindrical volume not exceeding 3,250 cc
· Manufactured or modified by industrial entrepreneurs with cylindrical volume exceeding 3,250 cc
Passenger car or public transport vehicle with and seating not exceeding 10 seats
· Passenger car or public transport vehicle with seating not exceeding 10 seats used as ambulance
of government agency, hospital or charitable organization as per terms and condition and number
specified by the Ministry of Finance
Eco Car
· Hybrid electric vehicle
- with cylindrical volume not exceeding 3,000 cc
- with cylindrical volume exceeding 3,000 cc
· Electric powered vehicle
· Fuel cell powered vehicle
Economy car meeting international standards (From October 1, 2009 onwards)
- Gasoline engine with cylindrical volume not exceeding 1,300 cc
- Diesel engine with cylindrical volume not exceeding 1,400 cc
Passenger car or public transport vehicle with seating not exceeding 10 seats using alternative energy with
cylindrical volume not exceeding 3,000 cc with specification as per specified by the Ministry of Finance
· Capable of using petrol with ethanol not less than 20 percent whereas petrol is available in general
petrol stations as per rules and conditions specified by Director General
- with cylindrical volume not exceeding 2,000 cc and engine power not exceeding 220 horse power (HP)
- with cylindrical volume not exceeding 2,000 cc but not exceeding 2,500 cc and engine power not
exceeding 220 horse power (HP)
- with cylindrical volume exceeding 2,500 cc but not exceeding 3,000 cc and engine power not
exceeding 220 horse power (HP)
· Able to use natural gas as fuel
Boat
· Yacht and boat used for leisure purpose
Motorcycles
· With cylindrical volume not exceeding 150 cc.
· With cylindrical volume exceeding 150 cc. but not exceeding 500 cc.
· With cylindrical volume exceeding 500 cc. but not exceeding 1,000 cc.
· With cylindrical volume exceeding 1,000 cc.
· Others
This is not compulsory for operations who manufacture motorcycles from reused materials and parts
Perfume and Cosmetics
· Essential oil and fragrant essence, excluding of perfume and fragrant essence produced domestically
· Essential oil
· Perfume and fragrant essence which is the local products and produced domestically
Other Commodities
· Carpet and animal hair floor covering materials
· Marble and granite
· Batteries
Golf Course
· Membership fee
· Course usage fee
· Other incomes
Source: Excise Department, as of May 2013
Website: www.excise.go.th
7
Tax Rate
12%
50%
3%
50%
exempted
10%
50%
10%
10%
17%
17%
(From January 1, 2009
onwards)
25%
30%
35%
20%
exempted
3%
5%
10%
20%
exempted
15%
exempted
exempted
20%
exempted
10%
10%
10%
exempted

8. 8
COSTS OF DOING BUSINESS IN THAILAND 2014
LABOR COSTS*
Median Monthly Salaries for Selected Positions (Survey Date – Q2 2013)
Position
Q2 2012
Baht
100,000
70,000
50,000
50,000
61,500
50,000
50,000
32,000
9,463
11,000
10,000
20,000
20,000
16,000
22,500
25,000
16,500
13,000
20,000
12,000
10,000
9,000
8,225
9,600
8,200
MD/GM
Financial Controller/ CFO
Personnel Manager/ HR Director
Office Manager
Plant Manager
Purchasing Manager
Marketing Manager
Executive Secretary (Bilingual)
Typist
Office Clerk
Receptionist
Programmer
Webmaster
Accountant
Researcher
Translator
Sales/ Marketing Staff
Public Relation Staff
Engineer
Technician
Skilled Labor
Semi-Skilled Labor
Unskilled Labor
Driver
Housekeeper
Other
- Engineering Manager
- Production Staff
- Import & Export Staff
- Sale/Marketing Manager
- Purchasing Officer
- General Manager
- Production Staff
- Business Analysis
- Assistant Production Manager
72,000
10,500
57,000
-
Q2 2013
Baht
100,000
65,000
50,000
50,000
60,000
50,000
50,000
28,250
11,500
13,500
12,000
20,000
22,500
17,500
20,000
21,400
17,250
15,000
20,000
13,000
12,000
9,500
9,000
10,000
9,000
US$
3,351.20
2,178.28
1,675.60
1,675.60
2,010.72
1,675.60
1,675.60
946.71
385.38
452.41
402.14
670.24
754.02
586.46
670.24
717.15
578.08
502.68
670.24
435.65
402.14
318.36
301.60
335.12
301.60
100,000
9,000
28,000
53,000
17,400
50,000
10,000
65,000
80,000
3,351.20
301.60
938.33
1,776.13
583.10
1,675.60
335.12
2,178.28
2,680.96
Notes: Bonus conditions vary from business to business, although one to two months extra salary a year is closest to the average. These
figures are based on the results of a survey of BOI-promoted companies, conducted in June 2013.
IT Positions*
ISM Technology Recruitment Ltd. (Q3 2012, www.ismtech.net), as of October 2012
Job Description
Years of IT
Experience
Application Developer/ Software Engineer/ Programmer
2-3
(NET, XML, Java, J2EE, C++, MySQL, PHP, OO tools, etc.)
3-5
5-7+
Mobile Developer (iPhone, Android, Blackberry)
2-3
3-5
Baht
US$
28,000 - 40,000
40,000 - 55,000
55,000 - 65,000
938.33 - 1,340.48
1,340.48 - 1,843.16
1,843.16 - 2,178.28
30,000 - 40,000
40,000 - 60,000+
1,005.36 - 1,340.48
1,340.48 - 2,010.72+

9. COSTS OF DOING BUSINESS IN THAILAND 2014
Job Description
9
Years of IT
Experience
3-5
5-10+
Baht
US$
35,000 - 50,000
50,000 - 100,000+
1,172.92 - 1,675.60
1,675.60 - 3,351.20+
2-5
6-10+
35,000 - 50,000
55,000 - 80,000+
1,172.92 - 1,675.60
1,843.16 - 2,680.96+
3-5
5-7+
40,000 - 55,000
55,000 - 60,000+
1,340.48 - 1,843.16
1,843.16 - 2,010.72+
Business Intelligence Developer/ Modeler (Cognos, SAS,
Business Objects, Hyperion, Crystal Report, etc.)
5-7
50,000 - 70,000
1,675.60 - 2,345.84
System Analyst (salary varies with technical or
application-specific skills and industry knowledge)
5-7
50,000 - 60,000
1,675.60 - 2,010.72
Business Analyst (liaise between users and IT; not
technology-specific)
5-7+
45,000 - 60,000+
1,508.04 - 2,010.72+
DBA (Oracle, SQL-Server)
5-7+
55,000 - 80,000
1,843.16 - 2,680.96
8-10+
8-10+
70,000 - 85,000+
80,000 - 110,000+
2,345.84 - 2,848.52+
2,680.96 - 3,686.32+
Solutions Architect/ System Architect
10+
100,000 - 120,000+
3,351.20 - 4,021.44+
Helpdesk/ Technical Support
3-5
30,000 - 45,000
1,005.36 - 1,508.04
Software Tester/ QA Engineer
3-5
5-7
30,000 - 40,000
40,000 - 60,000+
1,005.36 - 1,340.48
1,340.48 - 2,010.72+
Web Designer/ Graphic Designer
Online Marketing/ Search Specialist (PPC, SEO, etc.)
Programmer/ Analyst (AS/400, COBOL)
Applications Development Manager
- with CMM/ CMMI experience
Software Quality Assurance Manager
10+
110,000 - 150,000
3,686.32 - 5,026.80
10-12+
100,000 - 150,000
3,351.20 - 5,026.80
Implementation Consultant – Enterprise Applications/
Data Warehouse (SAP, Oracle, SharePoint, Teradata,
Banking Software, etc.)
5-7
7-12+
55,000 - 70,000
75,000 - 120,000+
1,843.16 - 2,345.84
2,513.40 - 4,021.44+
Presale Technical Consultant (Network/ System Engineer
or Software Engineer, for an IT vendor)
7-12+
70,000 - 100,000+
2,345.84 - 3,351.20+
3-5
35,000 - 50,000+
1,172.92 - 1,675.60+
5-7+
45,000 - 70,000
1,508.04 - 2,345.84
System Engineer / System Administrator with vendor
certifications (MCSE, MCSA, SCCM, SCOM, etc.)
3-5
40,000 - 50,000
1,340.48 - 1,675.60
5-7
50,000 - 65,000
1,675.60 - 2,178.28
Security Administrator with vendor certifications (Cisco,
Checkpoint, etc.)
5-7
50,000 - 70,000
1,675.60 - 2,345.84
Infrastructure Manager with vendor certifications (CCNP,
MCSE, etc.)
7-10+
70,000 - 85,000+
2,345.84 - 2,848.52+
Senior Infrastructure Manager/ Data Center Manager
10-15
120,000 - 150,000
4,021.44 – 5,026.80
10-12+
110,000 - 160,000+
3,686.32 - 5,361.93+
15+
160,000 - 240,000+
5,361.93 - 8,042.89+
10-12
80,000 - 110,000+
2,680.96 - 3,686.32+
IT Auditor, with certifications (CISA, CPA, COBIT, etc.)
Network Engineer/ Network Operations Center, with
vendor certifications (CCNA, etc.)
Network Administrator/ Telecom Engineer, with vendor
certifications
Project Manager/ Service Delivery Manager with
certifications (PMP, ITIL, etc.)
Project Director / Program Director
IT Manager (salary varies significantly by industry and by
the size of IT department and IT infrastructure)
IT Director
Chief Information Officer/ Chief Technology Officer
(often includes some regional responsibility)
15+
170,000 - 220,000+
5,697.05 - 7,372.65+
15-20+
250,000 - 400,000+
8,378.01 - 13,404.82+

10. 10
COSTS OF DOING BUSINESS IN THAILAND 2014
Notes: IT salaries assume staff with at least reasonable command of English (or better, for the more senior jobs). If the English
proficiency is not strong, salaries may be slightly lower.
Source: © 2012-2013 ISM Technology Recruitment Ltd. (Q3 2012, www.ismtech.net), as of October 2012
*
Salaries are subject to 4% social security fund contribution and 1% workman’s compensation contribution (for first 15,000 baht
per month of salary)
Translation Costs
An A4 page of non-technical
text typewritten in Times New
Roman size 12 or Cordia New
size 14 as applicable
Baht
US$
An A4 page of technical text
typewritten in Times New
Roman size 12 or Cordia New
size 14 as applicable
Baht
US$
An official form, e.g. an
identification card, a driving
license, etc.
Baht
US$
English-Thai
500 - 1,250
16.75 - 41.89
800 - 1,500
26.80 - 50.26
650 - 1,250
21.78 - 41.89
Thai-English
500 - 1,250
16.75 - 41.89
800 - 1,500
26.80 - 50.26
650 - 1,250
21.78 - 41.89
800 - 1,200
26.80 - 40.21
800 - 1,500
26.80 - 50.26
800 - 1,250
26.80 - 41.89
800 - 1,500
26.80 - 50.26
800 - 1,500
26.80 - 50.26
800 - 1,500
26.80 - 50.26
800 - 1,500
26.80 - 50.26
1,000 - 2,000
33.51 - 67.02
800 - 1,500
26.80 - 50.26
800 - 1,500
26.80 - 50.26
1,000 - 2,000
33.51 - 67.02
800 - 1,500
26.80 - 50.26
Other foreign languagesThai
Thai-other foreign
languages
English-other foreign
languages
Other foreign languagesEnglish
Note:
1. Professional translation services are provided from and into Thai, English, Mandarin, Japanese, Korean, Arabic, Khmer, Laotian, French,
German, Spanish, Italian, Portuguese, and Latin.
2. The amount indicates a maximum quote in Thai Baht.
3. Open: Monday-Friday Time: 8.00 a.m. – 4.00 p.m.
4. Translation rates were specified in Chulalongkorn University Announcement on Translation Rates and Payment