Windfall for personal income tax

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Windfall for personal income tax



BANGKOK: -- People who earn less than 26,000 baht a month will be exempted from personal income taxation starting from next year under a tax restructuring plan endorsed by the cabinet on Tuesday.

Under the tax restructuring plan, expense allowance for the income-earner and the spouse will be doubled from 30,000 baht to 60,000 baht each; expense allowance for the children of the income-earner doubled from 15,000 to 30,000 baht each with no limit on the number of children but educational allowance at 2,000 baht for each child will be scrapped.

A married couple who have incomes can claim expense allowance of up to 120,000 baht. Each partner in a partnership can claim expense allowance of up to 60,000 baht instead of 30,000 baht.

The cabinet agreed that the personal income tax restructuring plan will ensure fairness for income-earners under the present economic conditions and will help ease their tax burden.

Source: http://englishnews.thaipbs.or.th/content/160174


-- Thai PBS 2016-04-20

[leeneeds]

I lost 32,000 net money from last year per month this year

due to tax,

i will have to wait and see what loss will be this year,

as the governing body change at a whim

and i expect more changes going forward.

as the fuddling and mudding of economic data

gets disseminated, and promises are broken or kept

submarines and high speed trains.

[casualbiker]

I lost 32,000 net money from last year per month this year

due to tax,

i will have to wait and see what loss will be this year,

as the governing body change at a whim

and i expect more changes going forward.

as the fuddling and mudding of economic data

gets disseminated, and promises are broken or kept

submarines and high speed trains.

Are you saying last year you paid 32,000b per month in tax?

[petedk]

Great news!

I won't pay tax next year.

[Sawan Chan 7]

I love Thailand.

[Eric Loh]

At tax reform to give the lower income group more disposable income is a tick for me. For the upper income group, really makes vey little difference. Thailand still remain the highest personal income tax among ASEAN peers like Singapore and Malaysia. Disincentive for foreign professionals coming to Thailand to work.

[marcusd]

I wish I could live on that. Alas i cannot. Too small

[laolover88]

Do you actually know any Thais. not employees of multinationals, banks, government who pay Tax?

[Johnniey]

Do you actually know any Thais. not employees of multinationals, banks, government who pay Tax?

Many, why?