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Today: December 21, 2024
Today: December 21, 2024

Thailand approves 17% personal income tax ceiling for returnees

Economy
Bangkok's skyline photographed before sunrise in Bangkok
July 30, 2024
Reuters - Reuters

BANGKOK (Reuters) - Thailand's cabinet approved a personal income tax cap of 17% for Thais working overseas who return home to work, a deputy finance minister said on Tuesday, in a bid to draw back local talent.

The ceiling will last for five years after it is launched, Paopoom Rojanasakul said, and will also include a tax deduction for their employers.

(Reporting by Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Christopher Cushing)

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