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en:tax:pit [2024/06/08 08:01] – [4. Withholding Tax] bullaren:tax:pit [2024/07/08 07:17] (current) – [3.1 Progressive Tax Rates] bullar
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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.
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 ===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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 ===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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 ===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.
  
 +{{ :de:tax: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.
en/tax/pit.1717833693.txt.gz · Last modified: 2024/06/08 08:01 by bullar

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