Puerto Rico or Thailand: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Puerto Rico and Thailand weigh about the same on the taxpayer.

Tax Puerto Rico Thailand Gap
Corporate income tax headline rate 18.5% 20% −1.5 points
Personal income tax top bracket 0% to 33% 0% to 35% −2.0 points
VAT standard rate 11.5% 7% +4.5 points

Detailed schedules

Corporate income tax

Puerto Rico

Base rate 18.5%
Surtax over 275,000 USD Added to base rate, total 37.5% 19%

Thailand

General regime 20%
SMEs: profit up to THB 300,000 capital ≤ THB 5M, turnover ≤ THB 30M 0%
SMEs: THB 300,001 to 3,000,000 15%
Multinational groups revenue above €750M, since 2025 15%
See the Puerto Rico page See the Thailand page