CONTENTS 1. Tax overview 2. Personal income tax - Taxpayers (natural person / unregistered ordinary partnership / unregistered group of persons) - Calculation (General method / Special method) - Income (Recognition ‘cash basis’ / categories 1-8 / Thai and foreign source / tax exempt 1-9 ) - Expenses (standard deduction / actual deduction) - Allowances 1-14 - Tax calculation - Taxpayer’s obligation (yearly and half-yearly tax return) 3. - Corporate income tax Taxpayers (JCP / for tax purpose) Calculation (4 bases) Carrying business in Thailand Deduction of expenses Income paid from or in Thailand Obligations (filing return / bookkeeping) 4. - VAT VAT Tax point Non-deductible input tax 5. Specific Business Tax 1. Tax overview 1.1 World Bank: Tax revenue above 15% of GDP are a key ingredient for economy’s growth and poverty reduction (Thailand = 17.2 %) 1.2 Major collectors: - Rev. Dept. (under rev. code: PIT, CIT, VAT, SBT, Stamp Duty) ิ ค ้าควบคุม เชน ่ - Excise Dept. (กรมสรรพสามิต) เก็บภาษี ของนำเข ้าฟุ่ มเฟื อย หรูหรา กับสน เหล ้า บุหรี่ น้ำมัน - Customs Dept. (Import and export duty) 1.3 Classification of taxes: - By tax base (income, consumption or sales , capital or property) - By tax burden: - Direct Tax: Taxpayer = Tax bearer - Indirect Tax: Taxpayer ≠ Tax bearer 2. Personal income tax 2.1 Taxpayers - Natural person - Unregistered ordinary partnership (ห ้างหุ ้นสว่ นสามัญไม่จดทะเบียน) - Unregistered group of persons (คณะบุคคลไม่จดทะเบียน) - Calculation (General method / Special method) Income (Recognition ‘cash basis’ / categories 1-8 / Thai and foreign source / tax exempt 1-9 ) Expenses (standard deduction / actual deduction) Allowances 1-14 Tax calculation Taxpayer’s obligation (yearly and half-yearly tax return) 6. - Corporate income tax Taxpayers (JCP / for tax purpose) Calculation (4 bases) Carrying business in Thailand Deduction of expenses Income paid from or in Thailand Obligations (filing return / bookkeeping) 7. - VAT VAT Tax point Non-deductible input tax 8. Specific Business Tax