Posted: Wed Feb 02, 2005 4:16 pm Post subject: New Thai Tax rates
Pls be informed that ,The Revenue Department has just announced the New tax rate and deduction allowance
with retroactive to be effective from 1 January 2004 onwards as follows:
2.1 Allowance for parents treatment (Valid only Thai nationality staff ) 30,000 Baht per person
2.2 Long Term Equity Fund (Actual but not exceed 15% of Total Annual Income and not exceed 300,000 Baht)
2.3 Donation to School in Thailand (2 times from actual but not exceed 10% of accessable income)
2.4 Donation to the victims of Tsunami disaster. (Actual but not exceed 10% of accessable income)
2.5 Donation to " The forest for the King Fund ". (Actual but not exceed 10% of accessable income) _________________ Asia Expats Forum Expat Friends Dating
they have eliminated tax on salaries up to 100K thai baht per year--after exclusions of course. That will affect a lot of people-they're going to need it to pay off all their debt
The poor and the rich cannot be bothered about the rate of tax, only those in the middle income group. Making 260K pa while in Bangkok in very common. I forecast by March/April, those in the middle income group would suffer when oil prices are increased to reflect the real price of disel.
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