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en:tax:pit [2024/06/08 11:20] – [2.2 Deductions and Allowances] 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'' 
  
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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.
en/tax/pit.1717845618.txt.gz · Last modified: by bullar

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