TAXES IN THAILAND Part IX: Tax calculation, carrying the example

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Expat CounselTAXES IN THAILAND Part IX: Tax calculation, carrying the example

12/02/2012 : 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.
She shall not be moved

12/02/2012 : Five years ago, Boeung Kak Lake was Phnom Penh's largest. It served as home to some 20,000 Cambodians as well as the capital's backpacker ghetto, where foreign travellers would sit on guest house patios in a cannabis haze to watch the sun set over the waters and finish another Angkor Beer. And although the lake was full of sewage and debris and was hardly pristine, it served as an important catchment basin for the capital, providing equilibrium during the wet and dry seasons.

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2011 A Year of Ravages and Provocations of power in Region
18/12/2011 : Political brinkmanship, territorial disputes and natural disasters bedevilled Southeast Asia over the past 12 months, but some of the region's nastier figures were finally dragged before the law and established elites challenged. These are the stories that made headlines this year, and are likely to set the agenda for 2012.
Floods reinforce flow to condominium market
18/12/2011 : This has been a year of extreme fluctuation in the residential property market. The market moved slowly as the year began and there was an influx of supply. Things improved with high hopes for the new government after the election. But the fourth quarter was marked by unexpected and severe flooding, with many people too busy looking after their existing properties to think about buying more.
Profit or peril? Debate over industrial estate heats up
18/12/2011 : A restaurant in Prachin Buri's Muang district was the site late last month of a stand-off between locals on both sides of a debate over the 5,000 rai Metro Industrial Park proposed for the area. About 200 locals had registered or received an invitation to attend a second public hearing on the project held at the restaurant. Most of them had already made their way into the 500 square metre open-air restaurant when a group of about 300 locals dressed in black and carrying funeral wreaths and banners declaring their opposition to the project approached the venue. They had just completed a march throughout town to spread their message.
Net worth
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18/12/2011 : We are all aware that the financial advice industry has a bad reputation, especially in countries like Thailand where there are many unqualified, inexperienced and unethical "advisers" operating.
Taxes in Thailand Part III: Deductions
18/12/2011 : Last week, we discussed how your income is calculated for tax purposes in Thailand. This week we will begin a discussion of items that you may subtract from your income before applying the tax rates and calculating the tax.