Thailand - Personal Income Tax

The Revenue Code of Thailand lays down the principles to collect Personal Income Tax on almost all types of income received from the ability to earn income or from properties of a natural person or individual. The Code classifies income into eight categories, and such income, either earned or unearned, is subject to income tax if the tax is not exempt by law, royal decrees issued thereunder, or announcement or orders of the National Executive Council having the force of law. At this point, it is essential that a tax-payer carefully considers what type of income is subject to tax. He should also pay attention to the rules and regulations laid down by the Revenue Department as to how the provisions of the law are interpreted and enforced by the Department.