TAXES IN THAILAND Part IX: Tax calculation, carrying the example

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Expat CounselTAXES IN THAILAND Part IX: Tax calculation, carrying the example

12/02/2012 : Last week we discussed how an individual's taxable income is determined in Thailand. We used an example of an engineer working on a pipeline in Thailand who was married to a teacher. They live with their four children and their mother-in-law in Bangkok. In the example, after taking into account all of the deductions and exemptions, we concluded that their taxable income was 1,557,500 baht.
She shall not be moved

12/02/2012 : Five years ago, Boeung Kak Lake was Phnom Penh's largest. It served as home to some 20,000 Cambodians as well as the capital's backpacker ghetto, where foreign travellers would sit on guest house patios in a cannabis haze to watch the sun set over the waters and finish another Angkor Beer. And although the lake was full of sewage and debris and was hardly pristine, it served as an important catchment basin for the capital, providing equilibrium during the wet and dry seasons.

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Bangkok luxury condos still make investment sense, But caution key
12/02/2012 : Many people have bought luxury condominiums in Bangkok as an investment, aiming to rent their units to expatriates. With the fast growth of new supply in the city over the past five years, competition in the leasing market has intensified. That begs the question: Are luxury condominiums still an attractive investment asset?
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Wealth creation: It's never too late
12/02/2012 : So far this year we have looked at the importance of a well thought-out financial life plan and how such a plan might be affected by the creeping stealth power of inflation. Projecting these aspects of your overall finance picture into the future is not easy as there are so many unknowns and factors to take into account.
Myanmar's rising drug trade
12/02/2012 : Professor Des Ball pushes plates of what is left of a roast duck and barbeque prawn dinner to the side as he spreads a large map across the dinner table and stabs his finger at a point where northern Thailand meets Myanmar.
With attitude and tattoos, hope is delivered to inmates
12/02/2012 : Heather Luna-Rose works 12 hour days, driving taxis around a small island off the west coast of Canada. She does this every day for eight months, just so she can spend the rest of her year in Thailand talking to foreign men in prison.
Expat Counsel
TAXES IN THAILAND Part VIII: Calculation of allowances
05/02/2012 : For the past couple of weeks we have used an example to figure out how tax deductions are calculated. This week we'll use the same example to show how allowances work and how they are used to determine taxable income. Remember, the terms allowance and exemption mean the same thing for the purposes of this discussion.
Networth
Factors that could waylay your wealth
05/02/2012 : Last week, we looked at the devastating effects inflation can have on the real value of your wealth. We did so in terms of both its capital value and your ongoing income requirement, which invariably increases as time goes by.
Thailand will claim prime spot in asean community
05/02/2012 : Over the last two years I've been talking with a lot of people who are aware that the Asean Economic Community (AEC) will be formed in 2015 and have been preparing themselves and their organisations. But many others have not been preparing and some don't even know what the AEC is. That needs to change because the AEC has the potential to greatly benefit Thailand. Of course, there are some disadvantages we will face as well if we are not well prepared.
Young lesbian locked up 'for love'
05/02/2012 : Phlong Srey Rann, 20, shuffled across the dusty prison grounds in her blue and white inmate garb one early morning late last month, seemingly resigned to spending the next four and a half years behind bars for having sex with her girlfriend.
Sowing the seeds of change
05/02/2012 : The premise of the film Food, Inc reads like an Orwellian take on farming and agriculture, where a multinational has patented seeds, employing dozens of private investigators and a freephone hotline to track down farmers accused of stealing them, where just 13 abattoirs have monopolised the US meat market and incubated a slew of killer viruses and are run like assembly lines, and the illegal immigrants who staff them are treated only slightly better than the animals.
Salvaging a Buddhist sanctuary
05/02/2012 : A mong the major casualties of the recent floods was the 2,500-rai Buddhamonthon ("Buddhist park") religious park in Nakhon Pathom province. Today the park scarcely resembles the former green spiritual and recreational sanctuary in the shadow of Bangkok. The meticulously landscaped lawns are now covered with a thick layer of dried brown leaves and dead branches from trees and shrubs killed or severely shocked by the floodwaters that covered the park grounds for weeks. Many big trees were uprooted and still lie where they fell.