aar78 Posted August 21, 2013 Share Posted August 21, 2013 I will be starting a new job in Bangkok next month. How much will be deducted from my monthly salary for income tax. Is there a method of calculating the taxes based on the monthly salary that i get. Link to comment Share on other sites More sharing options...
thaicbr Posted August 21, 2013 Share Posted August 21, 2013 Yes...... how much is your salary? Will you be paying social security? Sent from my i-mobile i-STYLE Q6 Link to comment Share on other sites More sharing options...
aar78 Posted August 21, 2013 Author Share Posted August 21, 2013 I'll be earning about 170,000/month plus allowances. Not sure about the social security but lets ignore it for now Link to comment Share on other sites More sharing options...
Tywais Posted August 21, 2013 Share Posted August 21, 2013 Looks like part of it will be in the 20% and 30% bracket. So average around 15% - 20% as a rough guess. http://www.rd.go.th/publish/6045.0.html Link to comment Share on other sites More sharing options...
isawasnake Posted August 21, 2013 Share Posted August 21, 2013 But he wants to know how much they will take out a month, I think. Many times you can request they take out quite a bit less than what you will actually pay, and then settle the difference at the end via a big fat bill when you go see the tax man. Link to comment Share on other sites More sharing options...
Spoonman Posted August 21, 2013 Share Posted August 21, 2013 (edited) I'll be earning about 170,000/month plus allowances. Not sure about the social security but lets ignore it for now Allowances are also calculated into the taxable income so lets for the sake of t round you up to 200k. As a single man without any dependents you will be paying about Bt45,000 per month n taxes. Edited August 21, 2013 by Spoonman Link to comment Share on other sites More sharing options...
Cloggie Posted August 22, 2013 Share Posted August 22, 2013 Have a nice Excel sheet that calculates everything for you but have no idea how to upload it for you, anybody any idea???? Link to comment Share on other sites More sharing options...
aar78 Posted August 22, 2013 Author Share Posted August 22, 2013 Can you email me the sheet. I'll private message you my email. Have a nice Excel sheet that calculates everything for you but have no idea how to upload it for you, anybody any idea???? Link to comment Share on other sites More sharing options...
Spoonman Posted August 22, 2013 Share Posted August 22, 2013 Thai income tax online calculator. http://www.thailand-accounting.com/incometax.html Link to comment Share on other sites More sharing options...
Garnethoyes Posted August 22, 2013 Share Posted August 22, 2013 I'll be earning about 170,000/month plus allowances. Not sure about the social security but lets ignore it for now Allowances are also calculated into the taxable income so lets for the sake of t round you up to 200k. As a single man without any dependents you will be paying about Bt45,000 per month n taxes. You should start an RMF and/or LTF (Retirement mutual funds and Long term funds) accounts at the bank when you open a bank account here. That would drastically reduce your tax burden. Don't be pushed to also take life insurance - that's not such a good deal, and they are on commission to sell them. Link to comment Share on other sites More sharing options...
gwynt Posted August 22, 2013 Share Posted August 22, 2013 Hi I pay circa 28%, on considerably more gross than you quote and living allowance is not taxed. The tax system is basically the same as the UK in that if you are employed for only part of a tax year you are refunded any overpaid taxes during the next tax period. Hope this helps Link to comment Share on other sites More sharing options...
Spoonman Posted August 22, 2013 Share Posted August 22, 2013 Car and housing allowances are taxed (well supposed to be anyways). Link to comment Share on other sites More sharing options...
smellyskater Posted August 22, 2013 Share Posted August 22, 2013 I'm also looking at how deductions are made. Back in the uk national insurance contributions are taken off. Is there something similar and if so how is it calculated? Link to comment Share on other sites More sharing options...
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