Extension of the reduced personal income tax rate

Insights Doing Business in Thailand Tax

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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