Personal income tax
Principal tax-exempted incomes
- Relocation expenses reimbursed by the employer
- Medical expenses reimbursed by the employer
- Traveling expenses spent by employee exclusively and wholly in performance of duties and reimbursed by employee at actual cost
- Traveling per diem paid in lump sum and not exceeding THB270 per day for trips within Thailand and THB3,100 per day for overseas trips outside Thailand
- A portion of the employee’s contribution to an approved provident fund in excess of THB10,000 but not exceeding THB500,000 (i.e. up to THB490,000 per year)
- Amount invested in a Retirement Mutual Fund (RTF) to the extent that such amount plus any contributions to an approved provident fund do not exceed either 15% of taxable income or THB500,000
- Amount invested in a Long Term Equity Fund (LTF) to the extent that such amount plus any contributions to an approved provident fund do not exceed either 15% of taxable income or THB500,000 (held for 7 calendar years)
- Severance pay of up to 300 day’s wages under Thai labor law, with a maximum of THB300,000
- Income of up to THB190,000 earned by Thai tax residents aged 65 years and over
- Group medical insurance premiums paid by employee (under policies with terms not exceeding 1 year)
| Allowances and reliefs | |
| Expense allowance | = 50% but not over THB100,000 |
| Personal allowance | = THB60,000 |
| Spouse allowance | = THB60,000 |
| Parent allowance | = THB30,000/parent |
| Child allowance | = THB30,000/child |
| Life insurance allowance (only local insurance policies with a minimum period of 10 years) | = Actual premium but not over THB100,000 |
| Provident fund allowance | = Actual contribution but not exceeding THB10,000 (Note: up to THB490,000 of any excess is also deductible by way of income exemption) |
| Interest allowance (housing loans) | = Actual interest paid but not over THB100,000 |
| Contributions to the Thai Social Security Fund | = Actual contribution (normally 5% of base salary with a cap of THB750 per month) |
| Educational donation allowance | = 2 times of actual payment but not over 10% of taxable income after deductions of other allowances |
| Donation allowance | = Actual donation but not over 10% of not assessable income |
| Health Insurance premiums paid for parents | = Actual premium paid but not over THB15,000 |
| Premium paid for pension insurance contract | = Actual premium but not exceeding 15% of taxable income or capped at THB200,000, and not exceeding THB500,000 in aggregate when including the amount of Provident Fund and/or RMF |
| Income tax rate | |||
| Income (THB) | Tax rate % | Tax on certain levels of income | |
| Accumulated income (THB) | Accumulated tax payable (THB) | ||
| 0 – 150,000 | 0 | 150,000 | |
| 150,001 – 300,000 | 5 | 300,000 | 7,500 |
| 300,001 – 500,000 | 10 | 500,000 | 27,500 |
| 500,001 – 750,000 | 15 | 750,000 | 65,000 |
| 750,001 – 1,000,000 | 20 | 1,000,000 | 115,000 |
| 1,000,001 – 2,000,000 | 25 | 2,000,000 | 365,000 |
| 2,000,001 – 5,000,000 | 30 | 5,000,000 | 1,265,000 |
| 5,000,001 and over | 35 | ||