Reduced Personal Income Tax in 2017
July 8, 2016
On 19 April 2016, The cabinet approved the restructuring of personal income tax for 2017 as proposed by the Finance Ministry. The following new personal income tax rates will apply in next year:
Tax rates
The tax rates for employment income and hire of work are as follows:
Deduction
Deduction against employment income 50% of assessable income but not more than 100,000 Baht
Allowances
The amount of assessable taxable income is net of allowances:
Sources: http://www.bangkokpost.com/print/940601/
