iCalculator™ TH: Thailand Tax Calculators

Welcome to iCalculator™ TH, your comprehensive suite of free tax calculators for Thailand. iCalculator™ has provided free tax calculators for Thailand since 2019. Since those early days we have extended our resources for Thailand to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Thailand Tax Calculator and salary calculators within our Thailand tax section are based on the latest tax rates published by the Tax Administration in Thailand. In this dedicated Tax Portal for Thailand you can access:

Thailand Tax Calculator 2024/25

The Thailand Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Thailand. This includes calculations for

1. Employees in Thailand to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Thailand.

Taxation in Thailand: Types and Compliance Overview

Thailand's taxation system comprises various taxes, each with its own compliance requirements. This overview provides a general understanding of the main tax types and compliance processes in Thailand, tailored for iCalculator™ TH users.

1. Personal Income Tax

Personal Income Tax (PIT) in Thailand is levied on the income of individuals residing in Thailand. Residents are taxed on their global income, while non-residents are only taxed on income sourced in Thailand. Compliance involves annual tax filings and potential advance tax payments, depending on income levels.

2. Corporate Income Tax

Corporate Income Tax (CIT) applies to companies and juristic entities operating in Thailand. It covers profits derived from business activities within the country. Companies are required to file semi-annual and annual tax returns, along with necessary financial statements.

3. Value Added Tax

Value Added Tax (VAT) is a consumption tax imposed on the sale of goods and services. Businesses exceeding a certain revenue threshold must register for VAT and comply with monthly filing and payment obligations. VAT is also applicable to imports.

4. Specific Business Tax

Specific Business Tax (SBT) targets certain service sectors like banking, finance, and real estate. Entities in these sectors are subject to SBT instead of VAT. Compliance includes monthly filings and payments.

5. Stamp Duty

Stamp Duty is imposed on certain legal documents, including contracts and property-related transactions. The duty must be paid before or at the time of registration of the document.

6. Property Tax

Property Tax in Thailand is levied annually on property owners, based on the assessed value of the property. It applies to both residential and commercial properties.

7. Excise Tax

Excise Tax is a consumption tax imposed on specific goods like alcohol, tobacco, and vehicles. Businesses dealing in these products must comply with excise tax regulations, including periodic filings and payments.

8. Withholding Tax

Withholding Tax applies to specific types of payments to both residents and non-residents, including salaries, dividends, and royalties. The payer is responsible for withholding and remitting the tax to the authorities.

9. Compliance and Penalties

Compliance with Thailand's tax laws involves accurate record-keeping, timely filings, and payments. Non-compliance can result in penalties, including fines and interest on unpaid taxes.

For iCalculator™ TH users, it's important to understand these tax types and compliance requirements to effectively manage financial obligations in Thailand.