TAXES IN THAILAND Part IX: Tax calculation, carrying the example | Bangkok Post: news

Expat Counsel

Last week we discussed how an individual's taxable income is determined in Thailand. We used an example of an engineer working on a pipeline in Thailand who was married to a teacher. They live with their four children and their mother-in-law in Bangkok. In the example, after taking into account all of the deductions and exemptions, we concluded that their taxable income was 1,557,500 baht.

ILLUSTRATION: NATTAYA SRISAWANG

In fact, we made a mistake. Our researchers noticed that we forgot to include the 60,000 baht spousal exemption in the total we calculated for exemptions, so the taxable income should have been lower. But for the purposes of the example, and to illustrate how it works, we're going to use the taxable income we calculated last week: 1,557,500 baht.