The income tax structure in Thailand is progressive, meaning that the rate of taxation increases as income increases. Individuals earning income in Thailand, including foreigners residing in Thailand for more than 180 days a year, are subject to this tax. The rates start at 0% for annual incomes up to 150,000 baht, and increase through several brackets to a maximum of 35% for incomes over 5 million baht. Other than the standard deductions and allowances for personal, spousal, and child care, there are also deductions for expenses such as health insurance, education, and donations to charity. This system aims to balance the tax burden across different income levels while providing incentives for social and personal investments.
You can find out more about Thailand’s tax rates, allowances and deductions here or if you prefer to listen to a short podcast here
