Qualified expatriates and Thai employees can get a 17% Personal Income Tax rate on their income if they work for companies in ECC (Eastern Economic Corridor). 2. Skilled employees Thailand has a skilled labor force known for its artistic talent. They supply several handmade products like garments...
The Thai Department of Revenue issued Departmental Instruction No. Paw 161/2566 which provides significant changes to the collection of personal income tax on foreign-sourced income. The new tax treatment has been in effect since January 1, 2024. The new tax treatment states that Thai taxpayers w...
TaxRate税率 •CorporateIncomeTax企业所得税:10-20% •PersonalIncomeTax个人所得税:5–35% •ValueAddedTax增值税:7% •WithholdingTax预扣税:1–15% USD259.51BillionUSD301.16Billion Note:*EstimatedValue,Source:NESDB 4 Thailand’sCompetitiveness泰国的竞争力 ...
Thailand LTR Visa holders under the "Highly-Skilled-Professionals" category can benefit from a discounted personal income tax rate of 17%. A digital work permit will be issued at the same time as the visa. Thai LTR Visa holders under the "Work-from-Thaialnd Professional" category can not ...
100% exemption fromThai personal income taxfor your foreign-sourced income regardless of when it is earned or if you bring it into Thailand. If you’re in the Highly-Skilled Professional stream, you can enjoy a flat 17% income tax rate on your Thai-sourced income, regardless of your actual...
Thailand’s DTA generally follows the OECD model treaty and provides relief from double taxation on income. Taxes that are covered by the DTA are income taxes, such as personal income tax, corporate income tax, and petroleum income tax. In many cases, the tax rates within the DTA are lower...
The tax rate percentage varies depending on the income tax bracket, ranging from 5% up to 35%. The higher your income, the higher the percentage you must pay on it. Do All Foreigners Have to Pay Personal Income Tax in Thailand? There are two scenarios in which you have to pay personal...
Long-Term Resident (LTR) visa has been granted to a highly-skilled professional. How does the 17% personal income tax flat rate work in practice? By Price Sanond/ September 4, 2023 Congratulations to highly-skilled professionals whose Long-Term Resident (“LTR”) visa is approved and stamped...
Complete exemption from Thai personal income tax on foreign-sourced income Reduced 17% flat tax rate on Thai income for highly-skilled professionals (compared to standard rates up to 35%) Work permit eligibility with simplified processing Exemption from the usual 4:1 Thai-to-foreign worker employme...
The standard rate of corporate income is 20%. Some industries are subject to a separate taxation regime. 8.3 Income tax The Revenue Department of Thailand provides details of personal income tax rates. 8.4 Customs The Thai Customs Department has responsibility for customs issues. ...