|
| Doing
Business in Thailand |
Personal Income
Tax
Personal Income Tax (PIT) is a direct tax levied on income of a person. A person means an individual, an ordinary partnership, a non-juristic body of person, a deceased person and an undivided estate. In general, a person liable to PIT has to compute his tax liability, file tax return and pay tax, if any, accordingly on a calendar year basis.
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 on a cash basis, regardless where the money is paid, 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.
Personal income
tax is applied on a graduated scale as follows:
| Net
Annual Income (Baht) |
Tax
Rate |
Tax
Amount |
Accumulated Tax |
| 0
– 100,000 |
Exempt |
- |
- |
| 100,001
– 500,000 |
10% |
40,000 |
40,000 |
| 500,001
– 1,000,000 |
20% |
100,000 |
140,000 |
| 1,000,001-
4,000,000 |
30% |
900,000 |
1,040,000 |
| >
4,000,001 |
37% |
|
37% |
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