Introduction to Personal Income Tax in Thailand

[chiang mai]

It's interesting that the BMA would publish a tax guide for foreigners, (linked below), less than a year before the announcement about the Revenue Dept's tax change. Was this coincidence or by design I wonder? Either way, the BMA obviously thought it was time they put something in print about income tax for foreigners so they have to be applauded for taking the imitative.

 

https://iao.bangkok.go.th/storage/files/Personal Income Tax.pdf

[NoDisplayName]

15 minutes ago, scottiejohn said:

It is not only out of date as you admit but is also misleading/ambiguous so why did you post it and why don't you get the MODs to remove it and all related responses?

 

In that case, the TRD website is also out of date, and all links and references thereunto should be deleted?

 

Personal allowance
Single taxpayer	30,000 baht for the taxpayer
	30,000 baht for the taxpayer’s spouse   https://www.rd.go.th/english/6045.html

[chiang mai]

The current year changes were gazetted on 3 December 2024:

 

https://sherrings.com/personal-tax-deductions-allowances-thailand.html

[scottiejohn]

2 hours ago, chiang mai said:

The allowances are out of date by one year, otherwise the article is fine. If you don't like it, don't read it.

It is out of date so don't post it!

[scottiejohn]

1 hour ago, chiang mai said:

It's interesting that the BMA would publish a tax guide for foreigners, (linked below), less than a year before the announcement about the Revenue Dept's tax change. Was this coincidence or by design I wonder? Either way, the BMA obviously thought it was time they put something in print about income tax for foreigners so they have to be applauded for taking the imitative.

 

https://iao.bangkok.go.th/storage/files/Personal Income Tax.pdf

Why are you still promoting this cr@p?

[Liquorice]

59 minutes ago, scottiejohn said:

It is out of date so don't post it!

It's actually not out of date and still relevant until the end of this year. I am advised by my TRD that the new allowances/tax rates for 2024 (already published by Sherrings) will be available on their website the last week of this year, for filing in 2025.

[chiang mai]

5 hours ago, Liquorice said:

It's actually not out of date and still relevant until the end of this year. I am advised by my TRD that the new allowances/tax rates for 2024 (already published by Sherrings) will be available on their website the last week of this year, for filing in 2025.

Exactly, SJ doesn't seem to understand that.. 

[chiang mai]

6 hours ago, scottiejohn said:

Why are you still promoting this cr@p?

When you become a Moderator, which will be never, then you can tell me what I can post and what I can't. In the meantime, feel free to report the post and pitch your case to have it removed......the article remains entirely valid so no case can be made to remove it, which is why I haven't. Now please, wtop whining.

[chiang mai]

6 hours ago, scottiejohn said:

It is out of date so don't post it!

 

@NoDisplayName @scottiejohn @Yumthai @flexomike

 

The information in that BMA link I posted is NOT out of date, if you file a tax return today, those are the allowances and deductions that are in effect, TODAY.

 

It was announced over a year ago that the TEDA levels would be increased, ONLY FOR THE 2024 tax year, filing for which begins on 1 January 2025, in three weeks time. That intention was translated into action about two weeks ago (see link below) when the temporary change was published in the Gazette......I have already posted that notice but you have either not understood what it is or you have ignored it.

 

https://sherrings.com/personal-tax-deductions-allowances-thailand.html

 

Everyone should take note that the TEDA for the 2024 tax year are temporary, unless they are extended or permanently changed.

 

[chiang mai]

Now we've cleared that up, let me pre-empt the next question and explain the TEDA that will be in effect for the filings in first quarter of 2026, the 2025 tax year, which starts in two weeks time, assuming the current year changes are not extended or made permanent, 

 

Here are the main ones:

 

Personal Allowances will revert to 30k per person, down from the 2024 level of 60k per person

 

Dependent children allowance, down to 15k, from 30k

 

Expense deduction on income (including pensions) will revert to 40%, down from 50%.

 

I think perhaps the 2024 TEDA rates were an attempt to subsidise taxpayers in the  post covid economic recovery period and to help alleviate the pressures of high borrowings on taxpayers, dunno.