News Forum - Government considers tax cut for highly-skilled foreign workers

[Thaiger]

The Thai government is considering cutting the rate of personal income tax for highly-skilled foreign workers, in order to attract more talent to the kingdom. Ekniti Nitithanprapas from the Revenue Department says officials are mulling the possibility of reducing the rate to 17%. The Bangkok Post reports that the rate of personal income tax in Thailand is based on salary and set at 5% for those earning between 150,001 baht and 300,000 baht a year. Workers with a yearly salary of more than 5 million baht are currently subject to 35% income tax, which is the highest rate. It’s understood […]

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[DoUKnowWhoIAm]

23 minutes ago, Thaiger said:

highly-skilled foreign workers,

Burmese massage ladies?

[Malc-Thai]

"Thai Cabinet has approved a reduction in import taxes on wines and other alcoholic beverages, and on cigars. Import duties on these items are being cut by 50%"

they've watched too many movies from the 70's of rich westerners smoking cigars! 

[Thommo]

"willing to give it a try"  I sure that will work, similiar to all the other well thought out and researched ideas 

 

[Johntucker]

How many more times I have to read here about the brainfarts of incompetent politicians which never materialize anyway

[Poolie]

7 minutes ago, Johntucker said:

How many more times I have to read here about the brainfarts of incompetent politicians which never materialize anyway

None.

You see, you don't have to read them at all.

Peaceful day.

[DiJoDavO]

They forgot to add:

.... Which has to be paid back included in the farang prices. We will give you something positive, so now don't complain about the negative, instead of removing the negative. 

[Jason]

Ok...how about taking the taxes you currently earn from foreign skilled workers and spend it on your own education system to generate your own skilled workers. Maybe university education for your best and brightest students...free. 

[Bob20]

24 minutes ago, Jason said:

Ok...how about taking the taxes you currently earn from foreign skilled workers and spend it on your own education system to generate your own skilled workers. Maybe university education for your best and brightest students...free. 

Why would they want to create lots of smart citizens? That might be good for the country. But for them... not so much...

[Stonker]

6 hours ago, Johntucker said:

How many more times I have to read here about the brainfarts of incompetent politicians which never materialize anyway

Well, he's not a politician and what he actually said, that wasn't headlined, was quite objective and sensible:

"However, Ekniti says tax cuts alone will not attract foreign experts to Thailand, adding that factors such as safety and the quality of schools and medical care are very important. He says that because of this, some countries believe cutting the rate of tax makes no difference."

[Stonker]

8 hours ago, Thaiger said:

...Thai Cabinet has approved a reduction in import taxes on wines and other alcoholic beverages, and on cigars. Import duties on these items are being cut by 50% for 5 years, in a bid to attract more highly-skilled professionals.

These, though, are politicians and clearly devoid of any sense of reality.

Taxes on cigarettes and tobacco have recently been increased, but the tax on far more carcinogenic cigars is to be reduced, along with the tax on expensive wines (cheaper wine is taxed at a flat rate) because that will "attract more highly skilled professionals" !

JHC. I can just see them flooding in to work here so they can buy cheap cigars.

 

[Rain]

3 hours ago, Bob20 said:

Why would they want to create lots of smart citizens? That might be good for the country. But for them... not so much...

Yeah. That's not what they do nor what they desire. 

Any lucid and sound points that you make contradicts their long standing schemes.