What are the taxes in Bangkok? What percentage of salary do they come out to when added together?
Are you referring to the vat tax or the income tax? I'm not aware of any Bangkok taxes.
Frederick Douglass: Find out just what any people will quietly submit to
and you have found out the exact measure of injustice
and wrong which will be imposed upon them, and these
will continue till they are resisted with either
words or blows, or with both.
ďDonít believe them, donít fear them, donít ask
anything of them.Ē
I'm sorry, I meant collectively the income taxes for someone living/working in Bangkok?
From your previous threads, you'll likely be paying more because your income will be considerably more than mine. It still beats the hell out of the west.
"...and another ฿15,000 for my social security insurance payments."
They let you get away with that? The max should be 9.000 for one person.
OP, it depends on total amount you earn for the year, less any deductions you are eligible for. Once you know those numbers. you can calculate the tax.
Google 'Thai tax calculator' and see if you get a hit. I know something has been posted in the past.
Calculate your salary to the end of the current year.
Deduct 150,000thb as it's a tax free allowance.
You will pay tax on the rest, unless you have other tax breaks/allowances.
Rate of tax is usually 7% for TEFLers.
Don't know the breakdown of %s, but think it's 7% up to 500,000thb earned, then 10%. Don't quote me on that though. Check it out.
One pitfall newbs fall into is starting work in May, but their employer taxing them as if they've been working since Jan 1st.
if your american you have a 2 year tax exemption. So taxes aren't an issue until your third year of employment.
for some reason its not well known. it should be though
you can down load a copy and take to the tax office, they will know what it is
A few agencies take 2k out of their teacher's pay every month as tax, many newbs accept this without questioning or looking into it. There was a big thread a few months ago about some guy who had 20k held back by his school as 'tax' when he didn't owe a single baht... of course it ended up that it was all a 'misunderstanding' when people were dragged down to the tax office.
Thankfully I'm not American. Though I did know one who got all worked up because he just moved to Thailand and felt he was entitled to it.
He went psycho and ended up fleeing to Mongolia.