Thailand: Reduced rates of individual income tax continue in 2016

Thailand: Reduced rates of individual income tax

A temporary reduction in the rates of individual (personal) income tax in Thailand continues for the 2016 tax year.

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The Thai government issued Royal Decree No. 600 (February 2016) to continue the rate reductions in the individual income tax for 2016. Accordingly, for the 2016 tax year—as was the case for the 2013-2015 tax years—the temporary reduction in the individual income tax rates will range from 0% to 35% with seven income tax brackets. Without this extension, the individual income tax rates would range from 0% to 37%. 

 

Read a 2016 report [PDF 106 KB] prepared by the KPMG member firm in Thailand: Extension of reduced personal income tax rates for individual taxpayers

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