Comparison Between New Thai Tax Scheme (2017) and Old Thai Scheme

Here we would like to summarize the comparison between new and old personal income tax scheme that announced and effective in Year 2017.

The major elements that changed are as below;

  1. Personal allowance; and
  2. Income base for the maximum tax rate.

 

Old tax scheme

New tax scheme (Y2017)

For income type 40(1) and 40(2)

40% of total income (maximum THB. 60,000)

For income type 40(1) and 40(2)

50% of total income (maximum THB. 100,000)

For income type 40(3)

Entitle for Copyright only

40% of total income (maximum THB. 60,000)

For income type 40(3)

Entitle for Goodwill, Copyright, Royalty

50% of total income (maximum THB. 100,000)

  

Type of allowance

Old scheme

New scheme

Personal allowance

THB. 30,000

THB. 60,000

Spouses

THB. 30,000

THB. 60,000

Children

THB. 15,000 / person

(max. 3 persons)

THB. 30,000 / person

(no limited)

Education for children

THB. 2,000 / person

Cancel

Estate

THB. 30,000

THB. 60,000

Ordinary Partnership

THB. 30,000 / person

(max.THB. 60,000)

THB. 60,000 / person

(max. THB.120,000)

 

Old tax scheme

New tax scheme

Net income

Tax rate

Net income

Tax rate

0 – 150,000

none

0 – 150,000

  none

150,001 – 300,000

5%

150,001 – 300,000

5%

300,001 – 500,000

10%

300,001 – 500,000

10%

500,001 – 750,000

15%

500,001 – 750,000

15%

750,001 – 1,000,000

20%

750,001 – 1,000,000

20%

1,000,001 – 2,000,000

25%

1,000,001 – 2,000,000

25%

2,000,001 – 4,000,000

30%

2,000,001 – 5,000,000

30%

4,000,001 up

35%

5,000,001 up

35%

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