Thailand Taxes

[jamiejambos]

Please don't think i'm being rude but I would love to know what each and every
poster on this thread does for a living to pay vast amounts of taxes in Thailand?
I mean 700,000 baht oh come-on.

[kmart]

^Oil & Gas / Power Services Onshore / Offshore industries, jamie. Still paying decent money here, same as most other places.

[Fondles]

Please don't think i'm being rude but I would love to know what each and every
poster on this thread does for a living to pay vast amounts of taxes in Thailand?
I mean 700,000 baht oh come-on.

whilst you are thinking 700k is a large amount you should consider Iam the lowest paid expat at my place of work out of about 120.

not all Thai companies pay shit money. We are in the automotive industry by the way.

[jamiejambos]

Fondles dear chap if you were to tell me that you earned 50-60k pm in Thailand I most certainly would believe you and i'm using this as just an example.

To make the math easier lets assume thai tax is 20% of your earnings :-
Gross annual salary 3,500,000. less tax 700,000 = 2,800,000 net :-
monthly salary in excess of 233,000 per month..............................
Maybe i'm looking in the wrong places but I've found that a CEO of a Thai company averages about 200,000 baht pm.
Now if farangs can earn that kind of money in Thailand kudos to them but I find it a tad hard to swallow and take it with a pinch of salt and I hope I haven't offended anyone by saying that.

[Thormaturge]

My highest paid client in Thailand earns ThB 100,000,000 per annum.

No, he isn't a teacher.

[Fondles]

Fondles dear chap if you were to tell me that you earned 50-60k pm in Thailand I most certainly would believe you and i'm using this as just an example.

To make the math easier lets assume thai tax is 20% of your earnings :-
Gross annual salary 3,500,000. less tax 700,000 = 2,800,000 net :-
monthly salary in excess of 233,000 per month..............................
Maybe i'm looking in the wrong places but I've found that a CEO of a Thai company averages about 200,000 baht pm.
Now if farangs can earn that kind of money in Thailand kudos to them but I find it a tad hard to swallow and take it with a pinch of salt and I hope I haven't offended anyone by saying that.

I actually pay 24% tax in total.

no offence taken.

[jamiejambos]

Well my friend that one has most definitely slipped under the radar , so I
would keep that one quiet if I were you.
These are the type of posts I take with a pinch of salt.
Especially Tax-consultants. Now there's a profession open to all kinds of
investigation.

[jamiejambos]

Yes Fondles but what do you do to earn such vast amounts of moolah in
Thailand?????? Don't worry i'm not after your job or anything as I have been very
happily retired for a number of years......Just a job -title will do.
I spent 27 years in the Royal Navy and retired as a Vice - Admiral.
Can you see how easy it is to write a total load of bollacks on a computer?

[Fondles]

I design, engineer and build bespoke armoured cars.

[jamiejambos]

Thank you dear chap A most satisfactory answer and a very believable one.
Respect.

By the way the bit about me retiring as a rear -admiral was only half true.

[steve down under]

I pay US federal income tax every year - nice big chunk too. Haven't lived there in decades - never will live there again. But I guess somebody's got to pay for Michelle's vacations.

Question if you arent living and working in The U S anymore why the heck are you paying Federal income tax ?

[Fondles]

I pay US federal income tax every year - nice big chunk too. Haven't lived there in decades - never will live there again. But I guess somebody's got to pay for Michelle's vacations.

Question if you arent living and working in The U S anymore why the heck are you paying Federal income tax ?

Uncle Sam taxes you everywhere.