Royal Decree for the Reduction of PIT Rates

The Personal Income Tax (‘PIT’) rate is temporarily reduced from the normal progressive rates (5% - 37%) prescribed under the Revenue Code to 5% - 35%, according to the Royal Decree No. 576 which will expire on 31 December 2014.

Keywords: Mazars, Thailand, Tax, Personal Income Tax, Revenue Code, Royal Decree No. 576

16 January 2015

On 10 November 2014, Royal Decree No. 576 was officially announced in order to renew the reduction of personal income tax rates for another one year (effective until 31 December 2015).