This study revisits the stability of the possible conformations and the decomposition reactions of ethyl formate in the S0 state using the (U)MP2, MP4SDTQ, CCSD(T), and (U)B3LYP methods with various basis sets. The transition states of the decomposition channels to HCOOH + C2H4, CO + CH3CH2OH, CH2O + CH3CHO, HCOH + CH3CHO, C2H6 + CO2, and H2 + CH2CHOCHO are determined. The microcanonical rate constants derived from the RRKM theory are calculated for each of the decomposition reactions. The high‐pressure limit rate constants are calculated for the decomposition channels to HCOOH + C2H4, CO + CH3CH2OH, and CH2O + CH3CHO.