Page 110 - Introduction to Investment Laws in Thailand

5.2 Personal Income Tax
Personal Income Tax (PIT) is a tax collected on an income of a person.
According to the revenue code, a person means an individual, an ordinary
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partnership, a non-juristic body of person, and an undivided estate. The
revenue code stipulates sections dedicated to personal income tax as the
following;

- "Section 40 Income categories
- Section 40 Bis Exporting goods abroad be deemed as sale
- Section 41 A resident of Thailand
- Section 41 Bis The transferor of immovable property being
treated as a taxpayer
- Section 42 Categories of assessable income which shall be
exempt from tax collection
- Section 42 Bis Standard deduction for salary and fee
- Section 42 Ter Standard deduction fee for copyrights
- Section 43 Standard deduction for income from rent of
property
- Section 44 Standard deduction for income from liberal
professions
- Section 45 Standard deduction for income from a contract
of work
- Section 46 Standard deduction for income from business or
any other activity
- Section 47 Allowances
- Section 47 Bis A tax credit from dividend
- Section 48 Calculating amount of tax
- Section 48 Bis A government enterprise pay income tax of
a seller who purchased goods from such enterprise
- Section 48 Ter (Repealed by R.C.A.A. (N0.30) B.E. 2535.)
- Section 49 Determining the amount of net income
- Section 49 Bis Determining the sale price of immovable
property

138 Revenue Department Thailand, 2021, Personal Income Tax,
<https://www.rd.go.th/english/6045.html>

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