Tax
Thailand tax calculator 2021 (Download)
Download the free Thailand tax calculator and calculate your personal income tax accurately and with ease. No more dreading seeing your tax bill! Available for both Excel and Numbers.
Juraj Micka
Calculating your personal income tax in the calculator is easy. Here’s how to use it.
In the spreadsheet, all fields that require your input have a grey background. On the other hand, all white fields do the calculations automatically and are best left alone (unless you want to change the formulas).
The fields you will have to fill in with your information are:
Gross income
Type in your monthly income before any deductions are taken.
Withholding tax
Tax applied to employment income and can amount to 5-35% of your monthly salary. The deducted amount goes directly to the government. It counts toward your yearly tax liability, meaning you contribute to your total tax bill each month.
Social security
It is an amount paid to the Social Security Fund and makes up 5% of monthly income but no more than 750 THB.
Expenses and savings (voluntary)
With monthly expenses filled in, you can get a clear picture of where your money goes and how much you were able to save.
Deductions and personal allowance
These are trickier to tell and depend on your personal situation, for example, whether you are married and have kids or your income type. For the completeness of information, here’s a list of all possible deductions and allowances:
Tax deductions
| Type of Income | Deduction |
|---|---|
| Income from employment | 50% (not more than 100,000 THB) |
| Income from copyrights | 50% (not more than 100,000 THB) |
| Income from property | 10% – 30% |
| Income from liberal professions | 30% (medical profession 60%) |
| Income derived from contract of work whereby the contractor provides essential materials besides tools | Actual expense or 70% |
| Income derived from business, commerce, agriculture, industry, transport, or any other activities not specified earlier | Actual expense or 65-85% (depends the type of income) |
Personal allowance
| Type of allowance | Amount |
|---|---|
| Single taxpayer | 60,000 THB for the taxpayer |
| Undivided estate | 30,000 THB for the spouse |
| Non-juristic partnership or body of persons | 30,000 THB for each (max 60,000THB) |
| Spouse allowance | 60,000 THB |
| Child allowance | 30,000 THB each |
| Parents allowance (parents over 60 years of age with income less than 30,000 THB) | 30,000 THB each |
| Life insurance | Max. 100,000 THB each |
| Health insurance | Max. 15,000 THB |
| Approved provident fund contributions and/or Retirement mutual fund contributions | Max. 500,000 THB (not more than 15% of income) |
| Long term equity fund | Max. 500,000 THB (not more than 15% of income) |
Tax calculation
The last step – calculating your tax – happens automatically. At the bottom, you will see the total tax due and the amount your employer has withheld from you. These two numbers are then added up.
If the total is positive, you owe tax and will need to pay the remaining balance. In case of a negative result, you have overpaid. You can get your money back from the Revenue Department when filing your taxes – this is called a tax refund.
Where to file a tax return in Thailand
Once you have calculated your tax with the tax calculator, you can file your tax return online on this website or using the official government app. Note that this website is in Thai and is, therefore, pain to use for foreigners. I recommend using the app as it’s easier to use.
For more information about how to file your tax in Thailand, check out this article.
In any way, individual taxpayers in Thailand must file their personal income tax returns and make payments to the Revenue Department within the last day of March following the taxable year. Happy calculating and tax return filing!
Deadline for filing last year’s tax return
The deadline for filing your taxes online for the previous year (2020) is April 07, 2021. Time remaining: