Personal Tax Rate in Thailand

[Chao Lao Beach]

All the info I see online seems to be before the Yinluck changes, anyone have the current info in English ?

Are they the same for Thais and Aliens (form the rest of earth) ?

[meatboy]

all registered farangs or others as well as thais have a personel alloance of 150,000bht.each.before they start paying tax.

there is a web site with the tax tables on.can be accessed in english.

www.rd.go.thy

have a look in the bank interest forum i know they were on there awhile back.

[meatboy]

all registered farangs or others as well as thais have a personel alloance of 150,000bht.each.before they start paying tax.

there is a web site with the tax tables on.can be accessed in english.

www.rd.go.thy

have a look in the bank interest forum i know they were on there awhile back.

nothing has changed for tax yr.2014 as follows.

up to 150,000 excempt.

150,000 - 300,000 = 5%

300,000 - 500,000 = 10%

500,000 - 750,000 =15%

750,000 - 1,000,000 =20%

1 million - 2million =25%

2million - 4million =30%

over 4 million = 35%

[Chao Lao Beach]

Thanks heaps MeatBoy

[keeniau96]

Note the rates are applied to Thailand taxable income, generally meaning funds from wages, interest, etc. earned and paid in Thailand. Income from outside Thailand is not taxed.

[Felt 35]

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

[JimGant]

all registered farangs or others as well as thais have a personel alloance of 150,000bht.each.before they start paying tax.

Slightly more complicated than this. Think of the 150k as the basic standard deduction, to which you add other deductions (like 40% of wages, up to 60K), then exemptions, like 30k for you, and 30k each for your wife, and your over-age 60 mother-in-law, and father-in-law. Many other exemptions (allowances), but in the above example your taxable income doesn't begin until you're grossing above 300k -- at which point you enter the 5% tax bracket, applicable to the next 150k of income.