Extension of the reduced personal income tax rate

The Thai government has issued Royal Decree No. 600 that extends the reduced progressive personal income tax rates of 0% to 35% for another year. We set below the Thai personal income tax rates for the 2016 tax year.

Keywords: Mazars, Thailand, Tax, Personal Income Tax, Royal Decree

Taxable income (in Thai Baht) Rate (as a percentage)

Marginal tax

(in Thai baht)

Accumulated tax

(in Thai baht)

First 150,000 0% 0 0
150,001– 300,000 5% 7,500 7,500
300,001– 500,000 10% 20,000 27,500
500,001– 750,000 15% 37,500 65,000
750,000–1,000,000 20% 50,000 115,000
1,000,001–2,000,000 25% 250,000 365,000
2,000,001–4,000,000 30% 600,000 965,000
Above 4,000,000 35% - -

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