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How much income tax???

Last activity 30 August 2015 by Smart Expatriation

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canada2006

If monthly salary THB 120,000 or (yearly = 1,440,000) how much income tax i should expect to pay? Is it full 25% on 120,000?? or do you have to calculate by slabs?
Thanks!

cthierrymk

Firstly you don't need to post the same question in 3 different forums.

The link has been provided to you previously : http://www.rd.go.th/publish/6045.0.html

You have all the progressive tax rate in chapter 3 to do your calculation. You put all of this in an excel spreadsheet and you will arrive to basic 225,000 THB tax for single without any deductions !!

After the basic calculation for single tax payer can be reduced if you are married, have kid, etc....( all explained in chapter 2.2 allowances and deductions ), that means your total income 1,440,000 THB will be reduced this will affect the last progressive rate of 25% only as it is between 1M and 2M

You can find some app for iphone or android to calculate Thai income Tax

canada2006

Thanks so much! Appreciate it.

Smart Expatriation

Hello,
Personal income tax information included in the above link are correct.
In addition, note that social security contributions can also be deducted and that there is a special tax regime in Thailand if you are employed by a Regional Operating Headquarters (15% flat rate).

Regards,

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