Limited is a company registered under Thai law. Its accounting period is from 1st January to 31st December. It declared net profit on financial statement at baht 5,000,000 for 2018. This is the adjustment items of expenses following; 1. Urgent reserve 20,000 baht 2. Payment to employee for marriage gift 5,000 baht 3. Bonus paid to executive director 50,000 baht 4. Bonus paid to employees under contract 60,000 baht 5. Cost of expanding office 100,000 baht 6. Dividend from other company 40,000 baht 7. Value of stock at cost price 300,000 baht (market price at baht 250,000) 8. Accounting fee 20,000 baht From this fact mentioned above, how much does this company tax? (CIT) consider section 65 bis and 65 ter.

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Tax 1. Accounting profits 2. Adjustment accounting profit to tax profit 2.1 Add/Deduct expenses not allowed for computation under section 65 Ter and 65 Bis of TRC 2.2 Net taxable profit (According to TRC) 2.3 Multiple Tax Rate 20% 2.4 Tax payable computation of Net Profit (formula) XXX XXX XXX x 20% XXX Items 1. Thai company registered under Thai law 2. Small Medium Business -Net profit 1 - 300,000 baht - Net profit 300,000 - 3,000,000 baht - Net profit over 3,000,000 baht Tax Rate (%) 20 Exempt 15% 20% Tax payer 1. Foundation and Association - Assessable income category 8 - Other kind of income 2. Foreign company engaging in international transport 4. Disposal of profits 5. Foreign company not carrying on business in Thailand but receiving income from Thailand - Dividend - Interest - Royalty - Other income category 2-6 Tax Rate (%) 2 10 3 10 10 15 15 15 Tax 1. Accounting profits 2. Adjustment accounting profit to tax profit 2.1 Add/Deduct expenses not allowed for computation under section 65 Ter and 65 Bis of TRC 2.2 Net taxable profit (According to TRC) 2.3 Multiple Tax Rate 20% 2.4 Tax payable computation of Net Profit (formula) XXX XXX XXX x 20% XXX Items 1. Thai company registered under Thai law 2. Small Medium Business -Net profit 1 - 300,000 baht - Net profit 300,000 - 3,000,000 baht - Net profit over 3,000,000 baht Tax Rate (%) 20 Exempt 15% 20% Tax payer 1. Foundation and Association - Assessable income category 8 - Other kind of income 2. Foreign company engaging in international transport 4. Disposal of profits 5. Foreign company not carrying on business in Thailand but receiving income from Thailand - Dividend - Interest - Royalty - Other income category 2-6 Tax Rate (%) 2 10 3 10 10 15 15 15