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
Unit : Baht
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Profit Before Income Tax | 415,313,672 | 558,245,412 | 729,925,194 |
| Income Tax Expense | 80,218,261 | 99,950,098 | 130,674,353 |
| Corporate Income Tax Rate (%) | 20 | 20 | 20 |
| Effective Tax Rate (ETR) (%) | 19.32 | 17.90 | 17.90 |
In 2025, the Company's Effective Tax Rate (ETR) was 17.90%. This differs from Thailand's corporate income tax rate of 20% primarily due to deferred income tax (temporary differences between tax and accounting treatments) and government tax incentives allowing for additional deductible expenses beyond the actual amount paid.
