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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