Expense Claim

[innbkknow]

I am given a 10k a month taxi allowence, this covers attending meetings during the course of the day.

? should this be taxable as i do not benefit from this.

I do not get receipts as the average fare is 120 baht.

How do we put this through our GL without receipts, does thai tax law make exceptions.

thanks

[SunbeltAsiaExpert]

If the company pays you 10,000 Baht per month as allowance (travelling expenses) in addition to your basic monthly salary. This would be treated as your personal income where you would be taxed upon. On an individual basis, receipt for expenses would not be required and the Revenue Department stipulates an assumption rate for personal expenses of 40% of net income but not more than 60,000 Baht per year.

Whereas your company (employer) would be using this 10,000 Baht as monthly expenses (staff salary+allowance).

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