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Can someone explain the process of paying income tax in Thailand?

N/A 1235 views 2017-06-25 23:20:26

Can someone explain the process of paying income tax in Thailand?
Answer by ponpanit 2015-10-30 13:03:08

http://www.rd.go.th/fileadmin/images/tax_images/taxrate_261256.pdf The Individual TAX income of Thailand has step up 8 level. Income 1 - 150,000 = Zero tax Income range (150,001 to 300,000) =5% = maximum is 7,500 Income range (300,001 to 500,000) = 10% + 7,500 = maximum income TAX is 27,500 Income range (500,001 to 750,000) = 15% + 37,500 = maximum income TAX is 65,000 Income range (750,001 to 1,000,000) = 20% + 50,000 = maximum income TAX is 115,000 Income range (1,000,001 to 2,000,000) =25% + 250,000 = maximum income TAX is 365,000 Income range (2,000,001 to 4,000,000) = 30% + 600,000 = maximum income TAX is 965,000 Income range (4,000,001 .. more) = 35%