Month: March 2016

DLO’S Tax Newsletter Issue 63 February-March 2016   Tax Law Update Personal Income Tax Rates The National Legislative Assembly has issued Royal Decree (No. 600) B.E. 2559 to hold Personal income tax rates at the following rates for income received in B.E. 2559 (2016): Net Income (Baht) Rate Not exceeding 300,000 5 % 300,001    –    500,000 10 % 500,001    –    750,000 15 % 750,001    –   1,000,000 20 % 1,000,001 –   2,000,000 25 % 2,000,001 –   4,000,000 30 % 4,000,001 and more 35 %   However, taxpayers should be aware that they will still be entitled to receive an exemption of the first 150,000 Baht in calculating personal income tax due to Royal Decree (No.470) B.E.2551, only in the case of calculating personal income tax under section 48(1) of the Revenue Code. For more details: http://goo.gl/bp0iEr, https://www.dlo.co.th/node/891 and https://www.dlo.co.th/node/894 Tax Benefits […]