Thai tax

Personal Income Tax (PIT) is a direct tax levied on income of a person. What are the tax rates? A person means an individual, an ordinary partnership, a non-juristic body of 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.

All forms of earnings are generally taxable and fall under the personal income tax bracket.

This ranges from a work salary to capital gains. If you have problems opening the pdf document or viewing pages, download the latest version of Adobe Acrobat Reader. This booklet has been prepared to provide general information on Thailand’s tax system and primary assistance to those investing in Thailand and it should not be regarded as a basis for ascertaining a liability to tax in specific circumstances.

All income tax information is summarized by KPMG Phoomchai Tax Ltd. When are tax returns due? That is, what is the tax return due date?

Every year I claim back the tax deducted from the interest and dividends.

In previous years I have just taken the tax certificates to the Tax office (the one in Jomtien) and very helpful staff have completed the required tax form for. This calculator has been prepared for general guidance on matters of interest only. The accuracy depends on your tax filing and tax audit from Revenue Department. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information.

UOBAM reserves the right to update or modify at any time without. Thailand Tax Updates therefore has released information on a number of recent tax law changes to keep you up-to-date. A Thai company generally pays tax at of net profit. Thai limited liability company and a. However, some types of company are entitled to a rate reduction.

Small Business with Paid-up Capital Less than Million Baht. Online calculator for Thailand Personal Income Tax. You must provide an income tax return to your local tax office before the March 31st for the previous year. Any payments made after that date are subject to fines.

The withholding tax rates can vary depending on the types of income and the tax status of the recipient. However, not all outward payments are subject to withholding tax. Deductions for Expenses.

Baht for each biological chil additional 30Baht (60Baht) for a 2nd or further biological. Only dividend withholding tax is allowed as tax credit at the rate not exceed Thai corporate income tax rate i. The Thai company must provide the evidence that the dividend was subject to dividend withholding tax in order to claim tax credit against Thai corporate income tax. The economic impact of the COVID-pandemic has led Thailand’s Ministry of Finance, with the approval of the cabinet, to implement tax and non- tax relief measures to aid the general public, workers, and entrepreneurs. Tax Simulator in Thailand Calculate your personal income tax thanks to our unique Tax Calculator in Thailand. This tax simulator is indicative and may not comply with all legal and fiscal law requirements.

For residents (including foreign national residents) personal income tax is payable on net assessable income according to.