New income taxes announced in December 2012

[nami]

Hi there,

I talked with the accounting firm doing the stuff for the company I work for, and they send me a spreadsheet on how they calculate my taxes. I saw they are still using the old ladder with the 10%, 20% tiers instead of the new tiers announced back in 2012 (5%, 10% 15%, 20% ...). When I pointed out that this was the old ladder they replied by saying the new model was not yet implemented. Is that so? If yes, any idea on when they plan to collect the taxes based on the new tiers?

Thanks

Edited October 10, 2013 by nami

[kurnell]

Still waiting yes. Probably 2014

[jbaldwin]

Still waiting yes. Probably 2014

But still could be applied retrospectively for the whole of 2013.

[nami]

Thanks for clarifying. It will be great if 2013 retrospective application will be allowed :-)

[Maestro]

Troll post removed.

[Stef]

I read in PWC's Thai Tax 2013 booklet that "New personal income tax rates to be effective on 1 January 2013 have been approved by the Thai Cabinet but the required legislation has not yet been promulgated".

[jbaldwin]

I read in PWC's Thai Tax 2013 booklet that "New personal income tax rates to be effective on 1 January 2013 have been approved by the Thai Cabinet but the required legislation has not yet been promulgated".

I believe that this is still the case. The Cabinet agreed to make the changes but the government still has not put a proposal to parliament.