Thailand adopts a rising scale taxation system on annual income earned (less permitted deductibles), as follows:

0-99,999 Baht: 0%
100,000 - 499,999 Baht: 10%
500,000 - 999,999 Baht: 20%
1,000,000 - 3,999,999 Baht: 30%
4,000,000 + Baht: 37%

Note: income tax is payable by residents on worldwide income generated provided that such income is remitted into Thailand within the same year as it is earned.

Individual social security tax

A social security tax of 5% on earnings, to a maximum of Baht 750 per month, is deducted.

Value Added Tax

Value Added Tax at the rate of 7% is payable on most consumer goods. This tax is included in the advertised retail price of goods.