Pin Head

Hi

Do you know what the tax rate is in Thailand on 72000Euros per year?

Thxs

Fareastdriver

Google Thailand income tax. It takes you less time than opening a thread.

kwaiyai

Depends on weather your company pay tax on that amount or just your basic
and give you allowances which are not declared.
I was on 37percent which is top rate and your salary will qualify or maybe
a bit less. either way bank on 34 plus.
Cheers,

iggy

72000 euros are around 2.88 millions bahts taking 40 bahts per euro.

That, with the new proposed income tax would qualify for a 25% rate (currently 30%). Next upper would be more than 3 million (30% proposed and 30% current), next lower would be between 1.5 and 2 million (proposed 20%, currently 30%).

I believe the new proposed rate would be implemented on 2015. This said, in Thailand company benefits and variable payments that are not taxable are very common to avoid being charged, so presuming that your salary is not flat rated I would try to bargain with your employer to diversify your salary to reduce your exposure.

Also, if you are payed through a broker (787 Norwegian, wild guess ) you wouldn't be liable, me thinks.

Cheerio!

ZFT

It's worth remembering that the 37% is all you do pay though (apart from an insignificant amount of social security) There are no local taxes, no national insurances etc to worry about.