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en:tax:pit [2024/06/08 07:56] – [3.1 Progressive Tax Rates] bullaren:tax:pit [2026/08/12 11:16] (current) – Update media reference to moved file media:tax:pit:tax_thailand_2024_vers1_.pdf claude
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 ====== Personal Income Tax (PIT) ====== ====== Personal Income Tax (PIT) ======
 +
 +[[https://www.rd.go.th/english/6045.html| Source]]
 +
 +More infos:
 +  *[[en:tax:tinorder|TIN application]]
 +  *[[en:tax:declaration|TAX declaration]]
 +
 +\\
  
 Personal Income Tax (PIT) is a direct tax levied on income of a person. 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. Personal Income Tax (PIT) is a direct tax levied on income of a person. 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.
- + 
 =====1.Taxable Person===== =====1.Taxable Person=====
 Taxpayers are classified into “resident” and “non-resident”. “Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand. A non-resident is, however, subject to tax only on income from sources in Thailand. Taxpayers are classified into “resident” and “non-resident”. “Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand. A non-resident is, however, subject to tax only on income from sources in Thailand.
- + 
 =====2.TAX BASE===== =====2.TAX BASE=====
 ====2.1 Assessable Income==== ====2.1 Assessable Income====
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   - income from construction and other contracts of work;   - income from construction and other contracts of work;
   - income from business, commerce, agriculture, industry, transport or any other activity not specified earlier.   - income from business, commerce, agriculture, industry, transport or any other activity not specified earlier.
- + 
 ====2.2 Deductions and Allowances==== ====2.2 Deductions and Allowances====
 Certain deductions and allowances are allowed in the calculation of the taxable income. Taxpayer shall make deductions from assessable income before the allowances are granted. Therefore, taxable income is calculated by: \\ Certain deductions and allowances are allowed in the calculation of the taxable income. Taxpayer shall make deductions from assessable income before the allowances are granted. Therefore, taxable income is calculated by: \\
- + 
 '' TAXABLE INCOME = Assessable Income - deductions - allowances''  '' TAXABLE INCOME = Assessable Income - deductions - allowances'' 
  
 ===Deductions allowed for the calculation of PIT=== ===Deductions allowed for the calculation of PIT===
  
-^ Type of Income ^ Deduction ^^^^+^ Type of Income ^ Deduction ^
 ^a. Income from employment |40% but not exceeding 60,000 baht|  ^a. Income from employment |40% but not exceeding 60,000 baht| 
 ^b. Income received from copyright |40% but not exceeding 60,000 baht|  ^b. Income received from copyright |40% but not exceeding 60,000 baht| 
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 ^e. Income derived from contract of work whereby \\ the contractor provides essential materials besides tools actual expense or |70% |  ^e. Income derived from contract of work whereby \\ the contractor provides essential materials besides tools actual expense or |70% | 
 ^f. Income derived from business, commerce, agriculture, industry, transport, \\ or any other activities not specified in a. to e. |actual expense or 65% - 85% depending on the types of income| ^f. Income derived from business, commerce, agriculture, industry, transport, \\ or any other activities not specified in a. to e. |actual expense or 65% - 85% depending on the types of income|
- + 
 ===Allowances (Exemptions) allowed for the calculation of PIT=== ===Allowances (Exemptions) allowed for the calculation of PIT===
  
-^ Types of Allowances ^Amount^^^+^ Types of Allowances ^Amount^
 ^ Personal allowance | | ^ Personal allowance | |
 ^ Single taxpayer |30,000 baht for the taxpayer | ^ Single taxpayer |30,000 baht for the taxpayer |
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 ^Social insurance contributions paid by taxpayer or spouse |Amount actually paid each| ^Social insurance contributions paid by taxpayer or spouse |Amount actually paid each|
 ^Charitable contributions |Amount actually donated but not exceeding 10% of the income after standard deductions and the above allowances| ^Charitable contributions |Amount actually donated but not exceeding 10% of the income after standard deductions and the above allowances|
- + 
 ====2.3 Tax Credit for dividends==== ====2.3 Tax Credit for dividends====
 Any taxpayer who domiciles in Thailand and receives dividends from a juristic company or partnership incorporated in Thailand is entitled to a tax credit of 3/7 of the amount of dividends received. In computing assessable income, taxpayer shall gross up his dividends by the amount of the tax credit received. The amount of tax credit is creditable against his tax liability. Any taxpayer who domiciles in Thailand and receives dividends from a juristic company or partnership incorporated in Thailand is entitled to a tax credit of 3/7 of the amount of dividends received. In computing assessable income, taxpayer shall gross up his dividends by the amount of the tax credit received. The amount of tax credit is creditable against his tax liability.
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 ===Tax rates of the Personal Income Tax=== ===Tax rates of the Personal Income Tax===
  
-^  Taxable Income  \\ (baht)  ^  Tax Rate \\ (%)  ^+^  Taxable Income  (baht)  ^  Tax Rate (%)  ^
 ^0-150,000|  Exempt  | ^0-150,000|  Exempt  |
-^more than 150,000 \\ but less than 300,000|  5  | +^more than 150,000 but less than 300,000|  5  | 
-^more than 300,000 \\ but less than 500,000|  10  | +^more than 300,000 but less than 500,000|  10  | 
-^more than 500,000 \\ but less than 750,000|  15  | +^more than 500,000 but less than 750,000|  15  | 
-^more than 750,000 \\ but less than 1,000,000|  20  | +^more than 750,000 but less than 1,000,000|  20  | 
-^more than 1,000,000 \\ but less than 2,000,000|  25  | +^more than 1,000,000 but less than 2,000,000|  25  | 
-^more than 2,000,000 \\ but less than 4,000,000|  30  |+^more than 2,000,000 but less than 4,000,000|  30  |
 ^Over 4,000,000|  35  | ^Over 4,000,000|  35  |
  
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 In the case where income categories (2) - (8) mentioned in 2.1 are earned more than 60,000 Baht per annum, taxpayer has to calculate the amount of tax by multiplying 0.5% to the assessable income and compare with the amount of tax calculated by progressive tax rates. Taxpayer is liable to pay tax at the amount whichever is greater. In the case where income categories (2) - (8) mentioned in 2.1 are earned more than 60,000 Baht per annum, taxpayer has to calculate the amount of tax by multiplying 0.5% to the assessable income and compare with the amount of tax calculated by progressive tax rates. Taxpayer is liable to pay tax at the amount whichever is greater.
  
 +{{ :media:tax:pit:tax_thailand_2024_vers1_.pdf |Tax table}}
 ====3.2 Separate Taxation==== ====3.2 Separate Taxation====
 There are several types of income that the taxpayer shall not include or may not choose to include such income to the assessable income in calculating the tax liability. There are several types of income that the taxpayer shall not include or may not choose to include such income to the assessable income in calculating the tax liability.
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 ===Interest=== ===Interest===
 The following forms of interest income may, at the taxpayer’s selection, be excluded from the computation of PIT provided that a tax of 15 per cent is withheld at source: The following forms of interest income may, at the taxpayer’s selection, be excluded from the computation of PIT provided that a tax of 15 per cent is withheld at source:
-1. interest on bonds or debentures issued by a government organization; +  - interest on bonds or debentures issued by a government organization; 
-2. interest on saving deposits in commercial banks if the aggregate amount of interest received is not more than 20,000 baht during a taxable year; +  - interest on saving deposits in commercial banks if the aggregate amount of interest received is not more than 20,000 baht during a taxable year; 
-3. interest on loans paid by a finance company; +  - interest on loans paid by a finance company; 
-4. interest received from any financial institution organized by a specific law of Thailand for the purpose of lending money to promote agriculture, commerce or industry.+  - interest received from any financial institution organized by a specific law of Thailand for the purpose of lending money to promote agriculture, commerce or industry.
  
 ===Dividends=== ===Dividends===
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 =====4. Withholding Tax===== =====4. Withholding Tax=====
 For certain categories of income, the payer of income has to withhold tax at source, file tax return (Form PIT 1, 2 or 3 as the case may be) and submit the amount of tax withheld to the District Revenue Office. The tax withheld shall then be credited against tax liability of a taxpayer at the time of filing PIT return. The following are the withholding tax rates on some categories of income. For certain categories of income, the payer of income has to withhold tax at source, file tax return (Form PIT 1, 2 or 3 as the case may be) and submit the amount of tax withheld to the District Revenue Office. The tax withheld shall then be credited against tax liability of a taxpayer at the time of filing PIT return. The following are the withholding tax rates on some categories of income.
-Types of income + 
-(baht) Withholding tax rate +^  Types of income  \\ (baht)  ^  Withholding tax rate \\ (baht)  ^ 
-(baht) +^1. Employment income|  5 - 37 %  | 
-1. Employment income 5 - 37 % +^2. Rents and prizes|  5 %  | 
-2. Rents and prizes 5 % +^3. Ship rental charges|  1 %  | 
-3. Ship rental charges 1 % +^4. Service and professional fees|  3 %  | 
-4. Service and professional fees 3 % +^5. Public entertainer remuneration \\ - Thai resident \\ - non resident |  \\  5 %  \\  5 - 37 %  | 
-5. Public entertainer remuneration +^6. Advertising fees|  2 %  |
-- Thai resident +
-- non resident 5 % +
-5 - 37 % +
-6. Advertising fees 2 %+
  
 =====5. Tax Payment===== =====5. Tax Payment=====
 Taxpayer is liable to file Personal Income Tax return and make a payment to the Revenue Department within the last day of March following the taxable year. Taxpayer, who derives income specified in c, d or f in 2.3 during the first six months of the taxable year is also required to file half - yearly return and make a payment to the Revenue Department within the last day of September of that taxable year. Any withholding tax or half-yearly tax which has been paid to the Revenue Department can be used as a credit against the tax liability at the end of the year. Taxpayer is liable to file Personal Income Tax return and make a payment to the Revenue Department within the last day of March following the taxable year. Taxpayer, who derives income specified in c, d or f in 2.3 during the first six months of the taxable year is also required to file half - yearly return and make a payment to the Revenue Department within the last day of September of that taxable year. Any withholding tax or half-yearly tax which has been paid to the Revenue Department can be used as a credit against the tax liability at the end of the year.
en/tax/pit.1717833402.txt.gz · Last modified: by bullar

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