think_too_mut Posted December 28, 2001 Report Share Posted December 28, 2001 Seems that everybody is talking net salaries in LOS, no matter how low/high they are. Is there any tax payable on them? Are they payed by employers or by employees? Link to comment Share on other sites More sharing options...
Lamock Chokaprret Posted December 28, 2001 Report Share Posted December 28, 2001 I believe the amounts quoted are annual. 4M would be a lot of baht to earn in a month. Link to comment Share on other sites More sharing options...
Guest Posted December 29, 2001 Report Share Posted December 29, 2001 From Pattaya Mail earlier this year. I presume it's based on monthly salaries, it didn't clarify that. Taxes are generally paid by the employee unless your contract says otherwise. Tax Brackets * Income of 0 to Bt. 50,000: 0 * Bt. 50,001 to 100,000: 5% * Bt. 100,001 to 500,000: 10% * Bt. 501,000 to 1,000,000: 20% * Bt. 1,000,001 to 4,000,000: 30% * Bt. 4,000,001 and above: 37% Link to comment Share on other sites More sharing options...
samak Posted December 29, 2001 Report Share Posted December 29, 2001 that's on an annual basis; and there are as well some deductions Link to comment Share on other sites More sharing options...
Guest Posted December 29, 2001 Report Share Posted December 29, 2001 I'd assumed monthly 'cos I earn close to 500,000 per month, my boss earns more and we're not highly paid. Well we don't think so, it's just the going rate. But then I guess the tax system is set for the Thai earners in general, not the Farangs. [ December 29, 2001: Message edited by: themayorofpattaya ] Link to comment Share on other sites More sharing options...
Guest Posted December 29, 2001 Report Share Posted December 29, 2001 For an authorative and comprehensive summary of personal taxes in Thailand you could check out: http://www.us-asean.org/arthur/Thailand/Taxation.htm#Personal%20Income%20Tax Link to comment Share on other sites More sharing options...
samak Posted December 29, 2001 Report Share Posted December 29, 2001 quote: Originally posted by themayorofpattaya: I'd assumed monthly 'cos I earn close to 500,000 per month, my boss earns more and we're not highly paid. Well we don't think so, it's just the going rate. But then I guess the tax system is set for the Thai earners in general, not the Farangs. [ December 29, 2001: Message edited by: themayorofpattaya ] the rate is calculated for the annual salary and the company has to deduct taxes on a monthly bases. with this salary you have a very attractive expatriate contract. thais have to be in a very high executive position to reach this level Link to comment Share on other sites More sharing options...
ThaiHome Posted December 30, 2001 Report Share Posted December 30, 2001 Most expats working for multi nationals will be on a split contract/payroll that pays a certain percentage (50/50 or so) of salary offshore and is not reported for Thai (or other country) taxes. Link to comment Share on other sites More sharing options...
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