The Revenue Department has considered lowering the personal income tax for foreign experts to 17% as part of measures to woo highly skilled professionals to work in Thailand, says director-general Ekniti Nitithanprapas. Thailand's personal income tax rate is progressive, varied by salary level. Those with annual income from 150,001 baht to 300,000 baht are subject to 5% tax, while those with annual income above 5 million baht are subject to the top tax rate of 35%. Mr Ekniti said the foreign experts who would qualify for this lower tax must work in fields in which Thailand has a shortage. The department is still prepared to cut the duties if the ministry believes it would work, said Mr Patchara.

Source: Bangkok Post October 10, 2021 22:52 UTC