Expat Counsel
TAXES IN THAILAND V: Know your allowances (exemptions)
- Published: 15/01/2012 at 03:04 AM
- Newspaper section: Spectrum
As we discussed last week, your taxable income is the income to which income tax rates are applied and your taxes are calculated. The formula for determining your taxable income is: Taxable income equals assessable income minus deductions minus allowances.
ILLUSTRATION: NATTAYA SRISAWANG
We've covered assessable income and deductions in recent columns. This week we'll discuss allowances.
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About the author
- Writer: James Finch & Nilobon Tangprasit
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