Personal Tax in Thailand
- Tax Base For Residents and Non-Residents
- Taxpayers are classified into “resident” and “non-resident”. “Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand. A non-resident is, however, subject to tax only on income from sources in Thailand.
|Individual income tax||Progressive rate from 0 to 37%|
|From THB 0 to 150,000||0%|
|From THB 150,001 to 500,000||10%|
|From THB 500,001 to 1,000,000||20%|
|From THB 1,000,001 to 4,000,000||30%|
|From THB 4,000,001 and over||37%|
- Allowable Deductions and Tax Credit
Income which is exempt from personal income tax concerns in particular:
- transport expenses spent in good faith by an employee or a holder of office exclusively, and wholly for carrying out his/her duties;
- medical expenses paid by an employer for an employee and his/her family;
- share of profits obtained from a non-registered ordinary partnership or a group of persons;
- income from sale of securities on the Stock Exchange of Thailand
Some deductions are also in place and are detailed on the Revenue Department web site.
- Special Expatriate Tax Regime
- Expatriates working for qualifying regional operating headquarters in Thailand may opt to be taxed at the final withholding tax rate of 15% instead of the normal progressive tax rates for a maximum period of 4 consecutive years, whether or not he or she has occasionally been travelling out of Thailand during that period.
- Capital Tax Rate
- Capital tax for individual is part of the assessable income of the personal income tax.
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