Connect with us


Government considers tax cut for highly-skilled foreign workers



Thaiger deals Thaiger deals

The Thai government is considering cutting the rate of personal income tax for highly-skilled foreign workers, in order to attract more talent to the kingdom. Ekniti Nitithanprapas from the Revenue Department says officials are mulling the possibility of reducing the rate to 17%.

The Bangkok Post reports that the rate of personal income tax in Thailand is based on salary and set at 5% for those earning between 150,001 baht and 300,000 baht a year. Workers with a yearly salary of more than 5 million baht are currently subject to 35% income tax, which is the highest rate.

It’s understood that highly-skilled foreign workers would need to be employed in areas in which Thailand has a shortage in order to qualify for the tax cut, but would be permitted to work anywhere in the kingdom. However, Ekniti says tax cuts alone will not attract foreign experts to Thailand, adding that factors such as safety and the quality of schools and medical care are very important. He says that because of this, some countries believe cutting the rate of tax makes no difference.

In related news, the Thai Cabinet has approved a reduction in import taxes on wines and other alcoholic beverages, and on cigars. Import duties on these items are being cut by 50% for 5 years, in a bid to attract more highly-skilled professionals. The Bangkok Post reports that the current rate of tax on these items is between 30% and 60%.

Meanwhile, Patchara Anuntasilpa from the Customs Department acknowledges that tax cuts may not attract foreign experts to the country, given that their high salaries mean such taxes are not an issue. However, he says his department is willing to give it a try if the Finance Ministry believes it will work.

SOURCE: Bangkok Post


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

A seasoned writer, with a degree in Creative Writing. Over ten years' experience in producing blog and magazine articles, news reports and website content.

Follow Thaiger by email:

Cannabis News46 mins ago

Anutin responds to photo of cannabis smoking kids on Pattaya Beach

Education59 mins ago

Thai student allegedly raped by Hyderabad U professor

Tourism1 hour ago

Phuket welcomes 6,730 flights in December

Sponsored7 hours ago

Marketing in Thailand as a Foreigner: Volume #3 The Marketing Noises

Tourism2 hours ago

Thailand tourism predicted at 80% of pre-Covid in 2023

Transport4 hours ago

Bangkok airport expansion prepares for bidding war

Crime4 hours ago

Child Protection Foundation leader faces child labour charges

Join the conversation on the Thaiger Talk forums today!
Road deaths4 hours ago

Red-Bull hit-and-run prosecutor dismissed

Transport5 hours ago

Phuket flight cancellation due to earlier cancelled flight, runway maintenance

Election5 hours ago

Pheu Thai Party under fire as Tuhao-Shinawatra connection exposed

Video6 hours ago

THAIGER PODCAST | Ep.14 Saving Thai cats one paw at a time

Tourism7 hours ago

Bullets-in-bag Israeli given 18 months in Thailand

Video23 hours ago

Thailand News Today | 9 year olds smoke cannabis on Pattaya Beach in Thailand

Economy24 hours ago

Thai baht soars to six-month high against US dollar

Pattaya24 hours ago

Motorcycle taxi riders rally against unlicensed ride-share app drivers in Pattaya

Pollution1 day ago

Over 100 tonnes of garbage estimated near Phuket Fishing Port

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11