Thailand to Reduce Personal Income Taxes for 2017

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By Molly Ward

April 21 —The highest income tax threshold in Thailand, taxed at 35 percent, is to rise to 5 million baht ($142,700) from 4 million baht ($114,160), the Thai Royal Cabinet said April 19.

The income band for the 30 percent bracket also is to increase, with a range of 2 million baht to 5 million baht ($57,080 to 142,700), from a range of 2 million baht to 4 million baht ($57,080 to 114,160).

The 5, 10, 15, 20 and 25 percent income bands would remain unchanged.

The bracket changes, which would reduce personal income taxes, were expected to take effect for tax year 2017.

To contact the reporter on this story: Molly Ward at mward@bna.com

To contact the editor responsible for this story: Michael Trimarchi at mtrimarchi@bna.com

For More Information

The news release about tax changes can be found in Thai at http://src.bna.com/edN.

More information on payroll issues in Thailand can be found in the Thailand country primer.