Thailand Tax Tables 2020 - Tax Rates and Thresholds in Thailand
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This page contains the tax table information used for the calculation of tax and payroll deductions in Thailand in 2020. These tax tables are used for the tax and payroll calculators published on iCalculator™ TH, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Thailand or would like to add to or suggest amendments to the information herein then please contact us.
2020 Tax Tables [Quick Links]
Related Calculators
Thailand Personal Income Tax Tables in 2020
The Income tax rates and personal allowances in Thailand are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Thailand Tax Calculator 2020.
Thailand provides an annual "Standard Deduction" that is deducted from your total income to produce your taxable income in Thailand in 2020:
Thailand Standard Deduction in 2020| Residence Status | Standard Deduction |
|---|
| Resident | ฿ 30,000.00 |
| Non-resident | ฿ 30,000.00 |
Thailand Residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from ฿ 0.000.00 | to | ฿ 150,000.00 |
| 5% | Income from ฿ 150,000.01 | to | ฿ 300,000.00 |
| 10% | Income from ฿ 300,000.01 | to | ฿ 500,000.00 |
| 15% | Income from ฿ 500,000.01 | to | ฿ 750,000.00 |
| 20% | Income from ฿ 750,000.01 | to | ฿ 1,000,000.00 |
| 25% | Income from ฿ 1,000,000.01 | to | ฿ 2,000,000.00 |
| 30% | Income from ฿ 2,000,000.01 | to | ฿ 5,000,000.00 |
| 35% | Income from ฿ 5,000,000.01 | | and above |
Thailand Non-residents Income Tax Tables in 2020
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from ฿ 0.000.00 | to | ฿ 150,000.00 |
| 5% | Income from ฿ 150,000.01 | to | ฿ 300,000.00 |
| 10% | Income from ฿ 300,000.01 | to | ฿ 500,000.00 |
| 15% | Income from ฿ 500,000.01 | to | ฿ 750,000.00 |
| 20% | Income from ฿ 750,000.01 | to | ฿ 1,000,000.00 |
| 25% | Income from ฿ 1,000,000.01 | to | ฿ 2,000,000.00 |
| 30% | Income from ฿ 2,000,000.01 | to | ฿ 5,000,000.00 |
| 35% | Income from ฿ 5,000,000.01 | | and above |
Thailand Social Security Rates in 2020
In Thailand, both employees and employers contribute to the social security system. This system is designed to provide financial security and support to individuals in various circumstances. Here, we'll explore the types of social security contributions made by employees and employers in Thailand and what each element funds.
Thailand Social Security in 2020: Rates for Employers and Employees| Social security category | Employee | Employer | Total |
|---|
| Accident Insurance | 1.5% | 1.5% | 3% |
| Child Welfare and Old Age | 3% | 3% | 6% |
| Unemployment Insurance | 0.5% | 0.5% | 1% |
Thailand Social Security in 2020: Earnings Thresholds for Employers and Employees| Social security category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Accident Insurance | ฿ 1,650.00 | ฿ 15,000.00 | ฿ 1,650.00 | ฿ 15,000.00 |
| Child Welfare and Old Age | ฿ 1,650.00 | ฿ 15,000.00 | ฿ 1,650.00 | ฿ 15,000.00 |
| Unemployment Insurance | ฿ 1,650.00 | ฿ 15,000.00 | ฿ 1,650.00 | ฿ 15,000.00 |
1. Health and Medical Benefits
This element of social security provides access to medical and health services. Contributions ensure that employees receive medical care, hospitalization benefits, and general health services.
2. Maternity Benefits
Maternity benefits support female employees during pregnancy, childbirth, and post-natal care. This coverage typically includes medical expenses related to maternity and a maternity leave allowance.
3. Disability Benefits
Disability benefits provide financial assistance to employees who suffer from a disability due to illness or injury. This includes both temporary and permanent disabilities, offering support to those unable to work.
4. Pension and Retirement Benefits
Pension and retirement benefits aim to provide financial security to employees upon retirement. This ensures a steady income stream for individuals who have retired from active employment.
5. Child Support Benefits
Child support benefits offer financial assistance for the upbringing and education of children. This is especially beneficial for low-income families, helping to cover basic needs and education expenses for children.
6. Unemployment Benefits
Unemployment benefits provide financial support to employees who have involuntarily lost their jobs. This element helps to cover living expenses during the period of unemployment, aiding in the transition to new employment.
7. Funeral Benefits
Funeral benefits provide financial assistance for funeral expenses. This support is given to the family of a deceased employee to help cover the costs associated with funeral arrangements.
Both employees and employers contribute to these social security elements, ensuring a comprehensive safety net that covers various aspects of an employee's life. Understanding these elements is crucial for both employers and employees in Thailand to appreciate the scope of social security coverage provided.
Thailand VAT Rates in 2020
VAT rates for Thailand are reviewed annually, you can use the VAT Calculator to calculate VAT due in Thailand or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Thailand VAT Rates| VAT Rate | VAT Description |
|---|
| 0% | Zero Rated |
| 7% | Standard Rate |
Historic Tax Tables supported for Thailand
The following tax tables are supported by iCalculator™ TH as part of the suite of free tax tools we provide for Thailand.