The Sausage King Special Recipe Sausages Are Ready For Launch.
-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
Popular Contributors
-
1
-
2
.thumb.jpeg.d2d19a66404642fd9ff62d6262fd153e.jpeg)
-
3
-
4
-
5
-
-
Latest posts...
-
60
Tell us all about the "interesting" youtube channels that you watch (2025 version)
His main point in the video was that people erroneously conflate African and black. The soldiers at Hadrian's Wall were likely light-skinned Berbers or Phoenicians, not 'black' as we understand it today. -
422
Report Abandoned Abroad: British Pensioner in Thailand Slams 'Immoral' Frozen Pensions Policy
Well WHY Have THEY Reduced Mine,Clever Ar*e ?? -
12
Russia is toast no matter the outcome of the Ukraine invasion
agreed and the more the merrier- 1
-
-
60
Trump gets an Deportation Set-back
did you mean the "biased" Supreme Court with the corrupted judges receiving gifts ??? I thought so -
60
Tell us all about the "interesting" youtube channels that you watch (2025 version)
OTR Food & History is wonderful. Interesting & well-researched. -
1,168
Introduction to Personal Income Tax in Thailand
In Thailand, anyone earning income is technically required to file a personal income tax return by March 31 if filing on paper, or April 8 if filing online. That said, there are income thresholds below which you’re not obligated to file. For example, a single person earning only salary income under 120,000 THB/year doesn’t need to file. For married couples, that goes up to 220,000 THB. If your income comes from other sources, the filing thresholds are even lower: 60,000 THB for a single person, 120,000 THB for a married one. Thailand uses a progressive tax system. The first 150,000 THB is tax-free. The next 150,000 is taxed at 5%. Then 10% for the next 150,000, 15% on the next 250,000, and so on, eventually reaching 35% on income over 5 million THB per year. You can see the full breakdown here: Mazars Thailand. But here’s where things get interesting: Thailand offers very generous deductions and allowances that can significantly reduce your taxable income. For example, a retired foreigner over 65, married to a Thai citizen and living full-time in the country, could easily reduce their taxable income by over 500,000 THB through various allowances. There’s a personal deduction of 60,000 THB. Another 60,000 if you have a spouse. If you’re over 65, an additional 190,000 THB. Half of your pension income is exempt (up to 100,000). And the first 150,000 THB is tax-free on top of that. There are also deductions for health insurance, life insurance, and more. You can check the full list of deductions and conditions here: Revenue Department and Sherrings guide. Filing online is possible but only in Thai. However, the forms can be downloaded in English here: TRD Forms. The filing window runs from January 1 to March 31, and penalties may apply if you miss the deadline. Thailand uses what’s called the “honour system” you don’t need to submit documents unless you’re audited. Still, even if you believe you owe no tax, it’s a good idea to file. If you don’t file and you were supposed to, the Thai Revenue Department (TRD) can audit you going back 10 years. But if you do file, they can only go back 2 years. So filing, even with zero tax due, gives you protection. And yes, there are real penalties. Fines can go up to 200,000 THB and even jail time (up to 7 years) in serious fraud cases. Declaring all income properly is important. For example, claiming that foreign pension income is tax-free when it’s not, or forgetting to report transfers, can get you into trouble. There’s also something called a Tax Clearance Certificate. It’s not required for most people, but some believe it might become linked to visa renewals in the future. Right now, it’s only mandatory in specific cases, like leaving the country permanently or changing visa types. You can also request two useful documents from the TRD: a Tax Residency Certificate and a Tax Payment Certificate (form R.O. 21). These can help you avoid double taxation or prove your status to other authorities. There are still a few grey zones where the rules are fuzzy, and even tax professionals disagree. For example: How do you prove whether money transferred to Thailand was income or capital? If you earned income during a tax-resident year but transferred it during a non-resident year, does it still get taxed? If you spend foreign money inside Thailand using a foreign credit card, is that considered “imported income”? What about loans from overseas for buying property — are they taxable? And if you gift money directly to your Thai spouse, is that counted as your income or theirs? If anyone here has gone through the tax process with the TRD, especially if you’re a retiree or long-term expat, I’d love to hear your experience.
-
-
Popular in The Pub
-
-
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