keff Posted March 18, 2009 Share Posted March 18, 2009 Hi....What would the personal income tax be in THB if one's salary is THB250,000 per month? Thanks Link to comment Share on other sites More sharing options...
Tywais Posted March 18, 2009 Share Posted March 18, 2009 You can check the tax tables here > http://www.rd.go.th/publish/6045.0.html it's pretty straightforward calculation. Link to comment Share on other sites More sharing options...
keff Posted March 18, 2009 Author Share Posted March 18, 2009 You can check the tax tables here > http://www.rd.go.th/publish/6045.0.html it's pretty straightforward calculation. Does this mean that if he salary is THB3,250,000 per annum, he falls in the 30% bracket and therefore the annual tax would be THB975,000? Link to comment Share on other sites More sharing options...
CWMcMurray Posted March 18, 2009 Share Posted March 18, 2009 No, first of all you will be able to make allowable deductions Second it is a sliding scale and you use the rate for the amount in that tax braket before moving up to the next tax bracket... First 150,000 is tax free 150-500 is taxed at 10% = 35,000 500-1000 is taxed at 20% = 100,000 1 mil - 3.2 mil is taxed at 30% - 660,000 Aprox total: 800,000 (may vary based upon your allowable deductions) Link to comment Share on other sites More sharing options...
Old Man River Posted March 18, 2009 Share Posted March 18, 2009 The OP doesn't state nationality, but if an American he/she would have to file a US tax return as well. Depending on the exchange rate, THB 250,000 per month would be very near the amount allowable to be excluded, hence, if an American some US tax may be owing on the income as well as Thai tax. If a Brit, from a tax point of view, just born lucky. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now