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Personal Income Tax Calculator
Frequently asked questions
How much is personal income tax in Thailand?
Personal income tax rates are progressive and range from 0% to 35%, depending on the annual income. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the income from foreign sources that is brought into Thailand. A non-resident is, however, subject to tax only on income from sources in Thailand.
Is income tax high in Thailand?
Income tax in Thailand is not considered high compared to some other countries. The average income tax rate for individuals in Thailand is about 15%, while the average income tax rate for corporations is about 20%. Thailand also offers various tax incentives and exemptions for certain types of income and activities.
What taxes do expats pay in Thailand?
Expats who are residents (stay in Thailand more than 180 days per year) pay the same taxes as Thai residents, depending on their source and amount of income. Expats who earn less than 150,000 baht per year are exempt from income tax, while those who earn more than 5,000,000 baht per year are taxed at 35%. Expats who bring foreign-earned income into Thailand must also pay tax on that income.
Is Thailand income tax free?
No, Thailand is not income tax free. Thailand imposes income tax on both residents and non-residents, as well as other indirect taxes on consumption and transactions. However, Thailand does have some tax treaties and agreements with other countries to avoid double taxation and promote economic cooperation.
Can you live in Thailand tax free?
No, you cannot live in Thailand tax free. If you live in Thailand for more than 180 days in a tax year, you are considered a resident and subject to tax on your worldwide income. If you live in Thailand for less than 180 days in a tax year, you are considered a non-resident and subject to tax only on your Thailand-source income. However, you may be able to claim some tax exemptions or deductions, depending on your income type and situation.
Does Thailand tax expats foreign income?
Yes, Thailand taxes expats foreign income. Expats who are residents of Thailand must pay tax on their foreign income that is brought into Thailand, regardless of the earning period. Expats who are non-residents of Thailand do not have to pay tax on their foreign income, unless it is derived from a business carried on in Thailand.
How can I save tax in Thailand?
There are several ways to save tax in Thailand, such as:
Claiming personal and family allowances, such as spouse, child, parent, disability, and education expenses.
Claiming deductions for certain expenses, such as social security contributions, life insurance premiums, mortgage interest, charitable donations, and retirement savings.
Taking advantage of tax incentives and exemptions for certain types of income and activities, such as dividends, interest, capital gains, agricultural income, small business income, and research and development.
Applying for tax refunds for overpaid or withheld taxes.
What happens if you don’t pay taxes in Thailand?
If you don’t pay taxes in Thailand, you may face penalties and interest charges, as well as legal actions and criminal sanctions. The penalties and interest vary depending on the type and amount of tax, the duration and reason of the default, and the cooperation of the taxpayer. The penalties can range from 1,000 baht to 200,000 baht, while the interest is 1.5% per month. The legal actions and criminal sanctions can include seizure of assets, suspension of business, imprisonment, and deportation .
Do retirees pay taxes in Thailand?
Retirees pay taxes in Thailand if they have income from sources in Thailand or from foreign sources that are brought into Thailand. Retirees may be eligible for some tax exemptions or deductions, depending on their income type and situation. For example, retirees who receive pensions from abroad may be exempt from tax if they meet certain conditions, such as having a tax treaty with the source country, receiving the pension within the same year of earning it, and not remitting the pension into Thailand.
Who needs to pay tax in Thailand?
Anyone who has income from Thailand or from foreign income that is brought into Thailand needs to pay tax in Thailand. This includes individuals, partnerships, companies, associations, foundations, and other juristic entities. The tax liability and rate depend on the residency status, income type, and income amount of the taxpayer.
What is the penalty for tax evasion in Thailand?
The penalty for tax evasion in Thailand depends on the nature and severity of the offense. There are three types of tax evasion under the Revenue Code:
Filing false tax returns to evade tax: This is punishable by imprisonment for 3 months to 7 years and a fine of 2,000 baht to 200,000 baht.
Not filing tax returns to evade tax: This is punishable by imprisonment for up to 1 year or a fine up to 200,000 baht or both.
Collaborating with others to evade tax: This is considered as a money laundering offense and subject to the provisions of the Anti Money Laundering Act.
Do Youtubers pay tax in Thailand?
Yes, Youtubers pay tax in Thailand if they have income from sources in Thailand or from foreign sources that is brought into Thailand. Youtubers may be subject to income tax, VAT, specific business tax, and withholding tax, depending on their residency status, income type, income amount, and business structure.
What is the gift tax in Thailand?
Gift tax in Thailand is a tax imposed on the transfer of property by way of gift. Gift tax is part of the personal income tax and applies to both residents and non-residents. Gift tax rates are progressive and range from 0% to 35%, depending on the annual income of the donor and the relationship between the donor and the recipient. There are some exemptions and deductions for certain types of gifts and recipients, such as gifts between spouses, parents, and children, gifts for charitable or public purposes, and gifts of immovable property for residence .
Do I pay tax on my UK pension if I live in Thailand?
You may have to pay tax on your UK pension if you live in Thailand, depending on your residency status, income type, income amount, and tax treaty. If you are a resident of Thailand, you must pay tax on your UK pension that is brought into Thailand, regardless of the earning period. If you are a non-resident of Thailand, you do not have to pay tax on your UK pension, unless it is derived from a business carried on in Thailand. However, the UK and Thailand are signatories to a double tax treaty. According to the tax treaty, the UK pension is taxable only in the UK, unless the recipient is a resident of Thailand and a national of Thailand .
What is the highest penalty for tax evasion?
The highest penalty for tax evasion in Thailand is imprisonment for 7 years and a fine of 200,000 baht, which applies to the offense of filing false tax returns to evade tax. However, if the offense of collaborating with others to evade tax is also considered as a money laundering offense, the penalty may be higher under the Anti Money Laundering Act, which prescribes imprisonment for 1 year to 10 years and a fine of 20,000 baht to 200,000 baht .
What is the indirect tax in Thailand?
Indirect tax in Thailand is a tax imposed on consumption and transactions, rather than on income or profits. The main types of indirect tax in Thailand are:
Value added tax (VAT): This is a tax levied on the importation, sale, and provision of goods and services in Thailand. The standard rate is 7%, but there are some zero-rated and exempt supplies.
Specific business tax (SBT): This is a tax levied on certain types of businesses that are not subject to VAT, such as banking, finance, insurance, securities, real estate, and pawnshops. The rates vary from 0.01% to 3%, depending on the business category.
Customs duty: This is a tax levied on the importation and exportation of goods in Thailand. The rates vary from 0% to 80%, depending on the type and origin of the goods.
Excise duty: This is a tax levied on the production, importation, and sale of certain goods and services in Thailand, such as alcohol, tobacco, petroleum, automobiles, beverages, and telecommunication. The rates vary from 1% to 50%, depending on the type and value of the goods and services.
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