On 20 April 2016, Thailand's Revenue Department published a notice setting out the individual income tax brackets and rates for 2017 and subsequent years, which includes an increase in the top bracket. The taxable income and rates are as follows.
- up to THB 300,000 - 5%
- over THB 300,000 up to 500,000 - 10%
- over THB 500,000 up to 750,000 - 15%
- over THB 750,000 up to 1,000,000 - 20%
- over THB 1,000,000 up to 2,000,000 - 25%
- over THB 2,000,000 up to 5,000,000 - 30%
- over THB 5,000,000 - 35%
Note…