Monthly Taxes On Salary?

[JeanB]

HI All,

I'm 47 but new in Bangkok. I'm from France and I will stay for 2 years here, with good local contract (but no expat) in the shipment.

I need some information about my pay slip.

Today, I received my first pay slip and I was quite surprised by the tax.

Could you help me to understand?

Then my monthly gross income is 192 000 Bath/month

I have 32856 Baths for TAX and 750 Baths for Social Security Cont.

Do Someone are able to explain me what is these taxes? which percentage?

And do I have to pay income tax at the end of the year?

Thanks in advance to help me.

Cheers,

[singa-traz]

http://www.rd.go.th/publish/6045.0.html

Taxe a la source et a la fin de l'annee (March/April), tu fais ta declaration.

Et si tu as trop paye, tu recois un cheque.

[Tywais]

It's fairly easy to calculate using the info at the Thailand Renue Department

[Spoonman]

Being that its your first pay slip your taxes have been calculated on the balance of the current financial year (Dec 31st), expect what your currently paying to rise next year.

[Tywais]

These are what I come up with:

192,000 x 12 = 2,304,000

-60,000 Standard deduction

-30,000 Personal deduction

----------

2,214,000

0 - 150,000 exempt

-------------

2,064,000

350,000 @ 10% = 35,000

---------

1,714,000

500,000 @20% = 100,000

---------

1,214,000 @30% = 364,200

Total Liability - 499,200

per month = 499,200/12 = 41,600 per month

So looks like less then required at the moment. Don't know if you have family or other exemptions though.

[beano2274]

http://www.rd.go.th/publish/6045.0.html

Taxe a la source et a la fin de l'annee (March/April), tu fais ta declaration.

Et si tu as trop paye, tu recois un cheque.

I realise it is easier to post in French to a fellow countryman, but the only languages for posting on here

are Thai and English, please use a PM if you want to type in French.

thanks

[PoorSucker]

Total Liability - 499,200

per month = 499,200/12 = 41,600 per month

Since it was the OP's first payslip then use 8 months as base.

192,000 x 8 = 1,536,00

-60,000 Standard deduction

-30,000 Personal deduction

----------

1,446,00

0 - 150,000 exempt

-------------

1,296,000

350,000 @ 10% = 35,000

---------

946,000

500,000 @20% = 100,000

---------

446,000 @30% = 139,800

Total Liability - 274,800

per month = 274,800/8 = 34,350 per month (pretty close)

Expect to pay 41,600 per month next year.

[Tywais]

Total Liability - 499,200

per month = 499,200/12 = 41,600 per month

Since it was the OP's first payslip then use 8 months as base.

Missed that, thanks for the correction.

[Spoonman]

http://www.rd.go.th/...ish/6045.0.html

Taxe a la source et a la fin de l'annee (March/April), tu fais ta declaration.

Et si tu as trop paye, tu recois un cheque.

End of the Thai financial year is December 31st, not March/April.

[Samuian]

it's barely 25% .... where do you come from and how much taxces did the revenue dep. fleece off your salary/income there?

Every Euro I once earned was only 47 cent worth.

besides what are you doingfor such a pay slip, shipping?

[beano2274]

http://www.rd.go.th/...ish/6045.0.html

Taxe a la source et a la fin de l'annee (March/April), tu fais ta declaration.

Et si tu as trop paye, tu recois un cheque.

End of the Thai financial year is December 31st, not March/April.

But your application for a rebate must be made by then.

[Spoonman]

http://www.rd.go.th/...ish/6045.0.html

Taxe a la source et a la fin de l'annee (March/April), tu fais ta declaration.

Et si tu as trop paye, tu recois un cheque.

End of the Thai financial year is December 31st, not March/April.

But your application for a rebate must be made by then.

Maybe he should have said that instead then, what is this application of rebate you are talking off ?

[Tywais]

Maybe he should have said that instead then, what is this application of rebate you are talking off ?

Pretty sure he is referring to filing taxes, which is due end of March and any overpayment returned. Don't know what a rebate is, never got one.

[Spoonman]

Maybe he should have said that instead then, what is this application of rebate you are talking off ?

Pretty sure he is referring to filing taxes, which is due end of March and any overpayment returned. Don't know what a rebate is, never got one.

Ahhh gotcha, yep is about end of march for the filing of the tax return, yeah lol @ rebate, Ive never had a cent returned either !!!

[TerryLH]

"...and 750 Baths for Social Security..."

The 750 Baht for Social Security provides health insurance, disability, a retirement benefit and more. Your employer also pays 750 a month.

When you stop being eligible through work you can continue payments on your own. That will be 432 Baht per month. You must sign up within 6 months of last payment through work to continue coverage.

[tombkk]

I just want to clarify that while the tax year is 1. Janauary ti 31. December, the income tax return filing by 31. March the following year is compulsory.

As an expat, the company will usually do it for you, and it's easy now and can be done on the internet.

However, you are responsible, and if the company forgets, it's you who is in trouble. Happened to me once in the last 21 years.