Thai Income Tax Issues

[Stinky 12]

Just got my first pay slip with my Thai taxes taken out. A whopping 20% was taken out! WTF!

 

Is there anything that a company can do to compensate an expat that will not be taxable by Thai Law?

 

Housing allowance?

 

Transport Allowance?

 

etc etc etc?

 

 

I made the decision to leave my home country mostly because I was being taxed 35%. Now that I am being taxed 20% is it really worth the move?

[Fondles 94]

Fuck all you can do about it mate, you can however claim your wife and kids, for the missus its 30,000b and 15,000b for each kid (up to 3 under 25yrs of age), you can also claim 2000b for schooling.

 

If it makes you feel any better Iam paying more tax here than back home in OZ......... I cant claim fuck all as Iam not married and have no kids.

 

House allowances are taxed, vehicle allowances are not (according to my HR dept anyways and they are sticklers for doing shit legit).

 

Check here for what you can claim.

 

http://www.rd.go.th/publish/6045.0.html

 

Only other option is to try and get your employer to drop your salary to 50,000b per month (minimum to get a visa extension) and have the rest paid off shore..... Make sure it well hidden from the IRS though as they will defo want a slice of the pie.

Edited January 31, 2011 by Fondles

[Stinky 12]

Fuck all you can do about it mate, you can however claim your wife and kids, for the missus its 30,000b and 15,000b for each kid (up to 3 under 25yrs of age), you can also claim 2000b for schooling.

 

If it makes you feel any better Iam paying more tax here than back home in OZ......... I cant claim fuck all as Iam not married and have no kids.

 

House allowances are taxed, vehicle allowances are not (according to my HR dept anyways and they are sticklers for doing shit legit).

 

Check here for what you can claim.

 

http://www.rd.go.th/publish/6045.0.html

 

Only other option is to try and get your employer to drop your salary to 50,000b per month (minimum to get a visa extension) and have the rest paid off shore..... Make sure it well hidden from the IRS though as they will defo want a slice of the pie.

 

I have checked it online, and I am being charged correctly by Thai Law:

 

Married

1 infant not in school

2 children under 25 years of age in school

Insurance deductable

 

 

 

The issue with getting paid offshore is that I will have less protection with the Labor Department. Drop my salary to 60,000 baht per month, and if they sack me I only get compensated based on 60k per month.

 

Looks like I might have to live with it?

[Fondles 94]

at-least you have dependants to claim, im dropping 27% and I get zero back, shits me to tears but fuck all I can do about it.

[Stinky 12]

I remember the good old days here in Thailand where I only paid 7% tax on my income. DAMN YELLOW SHIRTS!

[jacko 8,866]

Have a couple more kids......

[joekicker 53]

You can file a refund request. You'll get if you should ... takes three, four years, I kid you not.

 

Sounds like you've made sure the deductions are right. After that, just BOHICA.

 

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[Stinky 12]

Hmmmm? What if I had my salary reduced enough to drop me a tax bracket or two, and then just had the company pay me the difference as a vehicle allowance?

[joekicker 53]

Hmmmm? What if I had my salary reduced enough to drop me a tax bracket or two, and then just had the company pay me the difference as a vehicle allowance? clueless

 

Nah, that's income. If they pay your taxes THAT is income. If they pay housing or kids' schooling, that's income. You cannot legally do any or all of the above.

 

.

[Stinky 12]

Nah, that's income. If they pay your taxes THAT is income. If they pay housing or kids' schooling, that's income. You cannot legally do any or all of the above.

 

.

 

 

Fondles stated that his HR department said that vehicle allowances are not taxable. The only thing I would think I would need to do, is provide them with a legal receipt each month for the allowance, as if I was renting a car, and fill out an expense report the same as I currently do for fuel that is not taxed.

 

Anyone else know if this is doable or not?

Edited February 1, 2011 by Stinky

[Fondles 94]

Yeah sorry Stinky, I had em back to front after just looking at my payslip, my vehicle allowance is taxed, not my housing allowance.

[Stinky 12]

Yeah sorry Stinky, I had em back to front after just looking at my payslip, my vehicle allowance is taxed, not my housing allowance.

 

 

DOH! Well, I could do the same as I stated above, just with a rental receipt, correct?

[Fondles 94]

DOH! Well, I could do the same as I stated above, just with a rental receipt, correct?

 

Sure, as long as your employer is agreeable to it, if they ass you though you can only claim your base salary.

 

How ever you income tax for the year will have already been calculated so Iam not sure how they would get your monthly figure re-adjusted.