Expat Counsel
TAXES IN THAILAND Part VIII: Calculation of allowances
For the past couple of weeks we have used an example to figure out how tax deductions are calculated. This week we'll use the same example to show how allowances work and how they are used to determine taxable income. Remember, the terms allowance and exemption mean the same thing for the purposes of this discussion.
In the example you are a resident of Thailand and an engineer working on a natural gas pipeline. Your assessable income for last year was 2.65 million baht.
Here is some more information about your financial picture last year that will be used to figure your allowances:
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About the author
- Writer: James Finch & Nilobon Tangprasit
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