In Focus Issue 4 - KPMG Thailand
close
Share with your friends

In Focus Issue 4

In Focus Issue 4

Changes to Thai Personal Income Tax

1000

Key Contacts

Related content

Personal Income Tax

Background

On 19 April 2016, the Cabinet approved the Minister of Finance’s proposed amendments to the Thai personal income tax legislation which will be effective from the 2017 tax year onwards. The changes essentially provide for an escalation of deductible expense against assessable income, greater personal, spousal and children allowances, changes to the thresholds for tax filing obligations and an increase to the highest tax bracket of the progressive personal income tax scale.   

Why This Matters

The changes to the personal income tax legislation are advantageous to all
taxpayers. In addition, those individuals earning in excess of THB 4 million
will be subject to a lower overall tax rate in Thailand. As a result, the total
employment cost for international assignment programs should be lower. 

A summary of the changes is set out in the downloadable PDF file below

© 2019 KPMG Phoomchai Tax Ltd., a Thailand limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Want to do business with KPMG?

 

Request for proposal