Expected tax rate for a foreigner hired at a Thai company

[jackspade]

A friend of mine is looking at an offer with a local Thai company. The offer was fairly high in Thai terms (although, obviously, not compared to Western salaries). However, the company indicated there would be a a 13-17% tax rate, bringing that high number down quite a bit. Is this normal and to be expected?

[simoh1490]

Current tax rates		New tax rates
Taxable income (in Thai baht)	Rate	Taxable income (in Thai baht)	Rate
First 150,000	0%	First 150,000	0%
150,001 – 300,000	5%	150,001 – 300,000	5%
300,001 – 500,000	10%	300,001 – 500,000	10%
500,001 – 750,000	15%	500,001 – 750,000	15%
750,000 – 1,000,000	20%	750,000 – 1,000,000	20%
1,000,001 – 2,000,000	25%	1,000,001 – 2,000,000	25%
2,000,001 – 4,000,000	30%	2,000,001 – 5,000,000	30%
Over 4,000,000	35%	Over 5,000,000	35%

 

 

https://www.mazars.co.th/Home/Doing-Business-in-Thailand/Tax/New-Thai-personal-income-tax-structure

Edited June 13, 2018 by simoh1490

[jossthaifarang]

I wouldn't get out of bed in the morning for that kind of money, especially not with a Thai company where you will be expected to know and do everything asked of you, because you are supposed to be educated and get paid 3 times what a Thai engineer normally does.

[jackspade]

24 minutes ago, jossthaifarang said:

I wouldn't get out of bed in the morning for that kind of money, especially not with a Thai company where you will be expected to know and do everything asked of you, because you are supposed to be educated and get paid 3 times what a Thai engineer normally does.

Duly noted.

[HHTel]

Canada, Japan, United States		60,000 THB
Europe (incl. UK) Australia		50,000 THB
Hong Kong, Malaysia, Korea, Singapore, Taiwan		45,000 THB
China, India, Indonesia, Middle East, Philippines		35,000 THB
Africa, Cambodia, Laos, Myanmar, Vietnam		25,000 THB
Persons working for newspapers in Thailand		20,000 TH

 

The above are the minimum salaries in order to get a work permit.  Tax to be charged will be on these salaries or above even if in fact your employer pays you less.

 

 

[jkcjag]

1 hour ago, HHTel said:

Canada, Japan, United States		60,000 THB
Europe (incl. UK) Australia		50,000 THB
Hong Kong, Malaysia, Korea, Singapore, Taiwan		45,000 THB
China, India, Indonesia, Middle East, Philippines		35,000 THB
Africa, Cambodia, Laos, Myanmar, Vietnam		25,000 THB
Persons working for newspapers in Thailand		20,000 TH

 

The above are the minimum salaries in order to get a work permit.  Tax to be charged will be on these salaries or above even if in fact your employer pays you less.

 

 

Note...these are monthly rates I believe.

[simoh1490]

2 hours ago, jackspade said:

Duly noted.

Based on your friends' particular circumstances there is also a series of tax deductions and allowances he may be able to take which will reduce the rate of tax even further.http://www.rd.go.th/publish/6045.0.html

Edited June 13, 2018 by simoh1490

[andygrr]

16 hours ago, jkcjag said:

Note...these are monthly rates I believe.

 I don't believe these figures are for getting a WP only the minimum required to get an extension of stay at immigration.

There is no minimum wage for issuance of the WP. 

[HHTel]

1 hour ago, andygrr said:

 I don't believe these figures are for getting a WP only the minimum required to get an extension of stay at immigration.

There is no minimum wage for issuance of the WP. 

You're absolutely correct.  The salaries quoted are the minimum to get an extension of stay based on employment.