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Income tax for foreigners in Thailand?
assuming I am making 1.5 million baht a year in Thailand as an expatriate in Thailand, how much tax do i need to pay? Do i need to contribute to social security too?
Thanks in advance, a link to a good website about this is highly appreciated
Spanky, I am from ASEAN country so there will be no double taxation, i just need to know what is the rate I have to pay to the Thai government....thks
4 Answers
- Anonymous1 decade agoFavorite Answer
Individual income tax
Thailand adopts a rising scale taxation system on annual income earned (less permitted deductibles), as follows:
0-99,999 Baht: 0%
100,000 - 499,999 Baht: 10%
500,000 - 999,999 Baht: 20%
1,000,000 - 3,999,999 Baht: 30%
4,000,000 + Baht: 37%
Individual social security tax
A social security tax of 5% on earnings, to a maximum of Baht 750 per month, is deducted.
- Anonymous1 decade ago
If I assume you are not from Romania - then I might need to know - - -
An expat from what country? - contact the consulate from wherever you are from or a good accountant from your hiome village -
I was going to list the tax rates from every country in the world but that would probably be mostly useless information -
Source(s): an increasingly cranky spanky - Anonymous1 decade ago
Check here for always updated information by expats: http://www.thaivisa.com/forum/