Tuesday, March 20, 2012

A Flat Tax on Personal Income is Under Consideration in Thailand

The Bangkok Post edition of March 20, 2012, reported that Thailand is reviewing the pros and cons of a flat-rate tax on personal income as a possible replacement for the current four-bracket system of 10%, 20%, 30%, and 37%.  The goal is to eliminate loopholes, broaden the tax base, simplify the system, and in so doing collect more revenue than the current personal income tax.

1 comment:

Stalvey Thomasine said...

We don't have heaps of different pointless payroll 2013 tax brackets.We don't have lots of special tax breaks for special interest groups!!!. Good tax rebates for donations to charities. Company tax is 28% and hopefully lowered to 25% soon. A basic capital gains tax of a simple flat rate would be a good addition