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Taxation on Bond Investment

Bond investors are subject to tax on interest, discount and capital gains as follows

Individual Investor

Types of Income	For Thai resident	For Foreign Investor
Interest	Withholding tax at 15% and permitted not to include in income tax report at the end of the tax year.	Withholding tax at 15%.
Discount	Withholding tax at 15% only for the first bond holder and permitted not to include in income tax report at the end of the tax year.	Withholding tax at 15% only for the first bond holder.
Capital Gain	Withholding tax at 15%, except zero-coupon bond, and permitted not to include in income tax report at the end of the tax year.	Withholding tax at 15%, except zero-coupon bond, and permitted not to include in income tax report at the end of the tax year.

Corporate Investor

Types of Income	For Thai Corporate (1)	For Foreign Investor (2)
Interest	Withholding tax at 1% and must be reported in Income Tax at the end of the tax year.	Withholding tax at 15%.
Discount	Withholding tax at 1% and must be reported in Income Tax at the end of the tax year.	Withholding tax at 15%.
Capital Gain	Must be reported in Income Tax at the end of the tax year.	Withholding tax at 15%.

^{(1) Financial Institutions are subject to specific business tax at 3.3%.
(2) Double taxation agreements must be considered for foreigners.}