​KBank Tax Information


​(Unit : Million Baht)

  2018 2019 Calculated Average
Earnings before Tax 54,603
53,750
Reported Taxes10,395
10,309
Reported Tax Rate (in %)19.0%19.2%19.1%
Cash Taxes Paid 11,261
11,591
Cash Tax Rate (in %)20.6%21.6%21.1%
Slide
 

KBank’s effective tax rate for the fiscal years 2018 and 2019 are 19.0% and 19.2%, respectively, comparing with Thailand corporate income tax rate (i.e. 20%). The difference is mainly due to:

  1. Corporate income tax exemption on dividends in compliance with the Thailand Revenue Code
  2. Tax measures issued by Thailand government to promote government’s policies that allow an additional tax deduction

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