Just curious. What is the Thai situation vis-a-vis tax?
Do they all pay or some pay or.......well what??
What level do they start paying at, what %age is paid?
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A taxing question
Started by Steve1903, Oct 17 2007 03:32 PM
1 reply to this topic
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Posted 17 October 2007 - 04:37 PM
According to Thai Visa, the Thai Personal Income Tax is graduated from 5 to 37 %, due every March for the prior year. I have been told by other sources that there are many deductions which enable taxpayers to decrease taxable income, just like most countries. No separate capital gains treatment.
Corporate income tax is imposed at a rate of 30 percent of net profits.
The bread-and-butter tax is the VAT, which I think is set at 10%. Very regressive tax, IMHO. Rich and poor pay the same for everything taxable, some foods excepted.
Take a look at this Thai Visa link for more information:
http://www.thaivisa.com/349.0c.html
Corporate income tax is imposed at a rate of 30 percent of net profits.
The bread-and-butter tax is the VAT, which I think is set at 10%. Very regressive tax, IMHO. Rich and poor pay the same for everything taxable, some foods excepted.
Take a look at this Thai Visa link for more information:
http://www.thaivisa.com/349.0c.html
