What are the Thai personal income tax brackets?

0% up to 150,000 THB; 5% from 150,001-300,000; 10% from 300,001-500,000; 15% from 500,001-750,000; 20% from 750,001-1,000,000; 25% from 1,000,001-2,000,000; 30% from 2,000,001-5,000,000; 35% above 5,000,000 THB.

What deductions reduce Thai taxable income?

Employment income deduction: 50% of income (max 100,000 THB). Personal allowances: 60,000 THB (self), 60,000 THB (spouse), 30,000 THB per child. Pension fund contributions up to 15% of income, 500,000 THB max.

How is Thai withholding tax on wages applied?

Employers withhold PIT monthly based on annual projected income. Final reconciliation via annual PND 91 return by March 31. Taxpayer may receive refund or owe additional tax depending on actual income and deductions.

Is foreign income taxable in Thailand?

From 2024: foreign income (including pension, dividends, capital gains) remitted to Thailand by tax residents is taxable in Thailand in the year of remittance, regardless of when earned. Important change from prior year remittance rule.

What is the LTR visa and its tax benefits?

Long-Term Resident (LTR) visa holders who meet the Wealthy Global Citizen category pay a flat 17% PIT rate on foreign-sourced income and are exempt from Thai income tax on income earned abroad (if not remitted).

Thailand Personal Income Tax Calculator 2024

Calculate Thai personal income tax. Progressive rates: 0% to 150,000 THB, 5% to 300,000 THB, 10% to 500,000 THB, 15% to 750,000 THB, 20% to 1,000,000 THB, 25% to 2,000,000 THB, 30% to 5,000,000 THB, 35% above.

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Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate Thai personal income tax. Progressive rates: 0% to 150,000 THB, 5% to 300,000 THB, 10% to 500,000 THB, 15% to 750,000 THB, 20% to 1,000,000 THB, 25% to 2,000,000 THB, 30% to 5,000,000 THB, 35% above. Use the thailand income tax 2024 result to inform your calculation.

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Frequently Asked Questions

What are the Thai personal income tax brackets?

What deductions reduce Thai taxable income?

How is Thai withholding tax on wages applied?

Is foreign income taxable in Thailand?

What is the LTR visa and its tax benefits?