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TAXES IN THAILAND Part VIII: Calculation of allowances
Spectrum, Published on 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.
As doors open, businesses face a formidable frontier
Spectrum, Luke Hunt, Published on 29/01/2012
» As Myanmar trades political reforms in return for an end to economic sanctions, businesses big and small are queuing for access to the region's last closed economy. Entry will be dictated by political connections, financial clout, further reforms and necessity.
TAXES IN THAILAND Part VII: Deductions _ reworking the example
Spectrum, Published on 29/01/2012
» Last week we used an example to determine how assessable income is calculated. Now we'll use the same example to show the items that are subtracted from the assessable income to arrive at taxable income, the amount to which the progressive rates are applied. These items subtracted from assessable income fall into two categories, deductions and exemptions, which are also called allowances. This week we'll illustrate how to arrive at deductions using the same example.
TAXES IN THAILAND VI: Calculation of assessable income
Spectrum, Published on 22/01/2012
» This week we're going to work with an example that illustrates how taxable income is calculated. We know it's hard to consider these matters in theory, and readers have asked us for examples.
TAXES IN THAILAND V: Know your allowances (exemptions)
Spectrum, Published on 15/01/2012
» As we discussed last week, your taxable income is the income to which income tax rates are applied and your taxes are calculated. The formula for determining your taxable income is: Taxable income equals assessable income minus deductions minus allowances.
Shuffling deck chairs with debt
Spectrum, Parista Yuthamanop, Published on 08/01/2012
» The 1997 financial crisis was rooted in speculative excess and financial alchemy through the boom years of the 1990s. During a bubble, money comes fast and easy. And when the bubble bursts, it's those who are last to leave that are saddled with the costs.
TAXES IN THAILAND IV: More about deductions
Spectrum, Published on 08/01/2012
» Last column, we began a discussion of deductions. You'll recall that we established earlier that your assessable income in Thailand is what you earn that's exposed to Thai tax. Deductions and exemptions are subtracted from that. What remains is your tax
Couple lifted out of anguish with new home and new lives
Spectrum, Published on 08/01/2012
» Wichean Lumlha was a very happy man during the week of Dec 12-19. It was a very special time for him and his wife Lamyai Bunlead as they watched their new home being built by Habitat for Humanity Thailand in Mahasorn village in Lop Buri's Ban Mi district after losing their old one to last year's devastating floods.