news > tax rates Thailand
Decreased Tax Rates for Foreign Professionals
29/06/2022
In May 2022, the Royal Decree No. 743 B.E. 2565 (2022) issued under the Revenue Code, announced that highly skilled foreign professionals working in Thailand on long-stay, non-immigrant visas will be taxed at a rate dependent on their immigration status.
Key Points
- Tax for a highly skilled foreign professionals’ assessable income will be withheld at a rate of 17% (standard rate is progressive from 0 to 35%).
- Special rates are available for highly skilled foreign workers, wealthy global citizens, wealthy retirees, or work-from-Thailand professionals.
Who qualifies as a highly skilled foreign worker?
Highly skilled foreign workers who work in government-targeted sectors or fields, will be eligible for the reduced tax rate.
What is the tax rate for highly skilled foreign workers?
Tax on a foreigner’s assessable income will be withheld at a rate of 17%.
Additionally, Foreign professionals will be exempt from including this income as part of the calculation of their personal income tax. Qualifying foreigners are also ineligible from applying for a tax refund or any tax credits, either in whole or in part, on the withheld tax.
Should they apply for any of the aforementioned things, they will lose their eligibility for this scheme.
It is important to note that some foreigners’ income may be subject to a tax rate of less than 17%. If this does happen to be the case, the taxpayer has two options for calculating their income tax:
- The first option would allow the highly skilled foreigner to continue using the lower tax rate, but any assessable income would be included in the final income tax calculation.
- The second option would increase the rate to 17%, but any assessable income would be excluded from the final income tax calculation.
Existe-t-il des dérogations ?
The following exemptions may also apply to foreigners with assessable income under Section 40 (4) and (8) of the Thai Revenue Code.
✓ Section 40 (4) includes additional sources of income tax derived from investments, capital holdings, and other sources.
✓ Section 40 (8) concerns income derived from several sources, and circumstances in which a third-party pays taxes on behalf of a taxpayer.
If any qualifying assessable income from either category has had tax withheld at the source, then the taxpayer is entitled to choose to pay income tax under Section 48 (3) and (4) of the Revenue Code.
Under Section 48 (3) the foreigner is eligible to pay tax at a rate of 15% on income earned under the categories under Section 40 (4).
Section 48 (4) includes alternative means of calculating the tax on income earned under section 40 (8). Again, foreigners must not apply for a refund or tax credit in order to be eligible under this section.
Even if the taxpayer uses these exemptions, they are still required to file returns relating to the exempt assessable income.
Who else is eligible for these decreased tax rates?
Foreigners living in Thailand as wealthy global citizens, wealthy retirees, or work-from-Thailand professionals may be eligible for the reduced tax rates.
In order to be qualified as a wealthy global citizen, wealthy retiree, or work-from-Thailand professional, the following criteria must be satisfied.
Citoyens mondiaux fortunés
Les individus éligibles doivent avoir investi au moins 500 000 USD dans des biens immobiliers thaïlandais, des obligations d'État thaïlandaises ou des investissements directs étrangers (FDI).
Les personnes ayant généré un revenu d'au moins 80 000 USD au cours des deux dernières années et possédant un minimum de 1 000 000 USD d'actifs peuvent également bénéficier de ce visa.
Retraités fortunés
Les individus éligibles doivent avoir investi au moins 250 000 USD dans l'immobilier ou les obligations d'État en Thaïlande. De plus, ils doivent bénéficier d'une pension annuelle d'au moins 40 000 USD.
Les demandeurs dont la pension annuelle minimale s'élève à 80 000 USD peuvent également bénéficier de la LTR.
Professionnels travaillant en Thaïlande
Professionals Working in Thailand are broken down into two categories. Applicants from both categories must have earned a minimum of USD 80,000 over the past 2 years.
However, individuals in category 1 must hold intellectual property rights, while those in category 2 must hold a class-A scholarship and have completed 5 years of research.
It is also important to note that personal, assessable income brought into Thailand from abroad, earned from work, businesses, or international property, is also eligible for this exemption.
Comment notre équipe d'experts peut-elle vous aider ?
The Belaws tax service provides reliable advice and feedback from our experts relating to tax in Thailand. For more information, please feel free to book a consultation with one of our experts.
Veuillez noter que cet article est fourni à titre d'information seulement et ne constitue pas un avis juridique.
Nos consultations durent jusqu'à une heure et sont menées par des juristes experts qui parlent couramment l'anglais, le français et le thaï.
Les consultations peuvent être organisées sur WhatsApp ou sur le Logiciel de Vidéoconférence de votre convenance. Une consultation avec l’un de nos experts juridiques est sans aucun doute le meilleur moyen d’obtenir toutes les informations dont vous avez besoin et de répondre à toutes les questions que vous pourriez avoir sur votre nouvelle entreprise ou votre projet.
150 USD
Jusqu'à 1 heure
Paiement en ligne (Paypal ou carte bancaire)
Les consultations juridiques peuvent être menées en anglais, en français ou en thaï.
Les consultations juridiques sont assurées par des des avocats expérimentés dans les domaines concernés.
Articles connexes
Fundraising for SMEs in Thailand, New Rules
Until recently, Thailand didn’t offer a lot of fundraising options for SMEs due to a restrictive regulatory framework and application requirements.
Loi sur les entreprises étrangères en Thaïlande : Assouplissement des restrictions pour les étrangers
Le gouvernement thaïlandais envisage plusieurs amendements à la Loi sur les entreprises étrangères afin d'assouplir les restrictions applicables aux activités commerciales étrangères.
Mesures d'incitation du BOI thaïlandais pour les entreprises existantes
Le Bureau de l'Investissement de Thaïlande (BOI) a récemment dévoilé un ensemble d'incitatifs conçus pour attirer et fidéliser les entreprises existantes.
Abonnez-vous aujourd'hui
Abonnez-vous aujourd'hui
À notre newsletter pour les dernières actualités juridiques
en Asie du Sud-Est, les mises à jour de Belaws et
les offres spéciales sur nos services.
To our newsletter today for all the latest legal news in South East Asia,
Belaws updates and special promotions on our services.
Belaws 2017 - 2024.
Belaws ne fournit que des informations et une plateforme technologique. Belaws n'est pas un "service de mise en relation avec des avocats" et ne fournit pas de services juridiques ni ne participe à aucune représentation juridique.
Belaws n'est pas un cabinet d'avocats ou un substitut à un avocat ou un cabinet d'avocats.
