Post by Fletchsmile on Feb 21, 2017 16:18:04 GMT 7
Somehow I don't find a little extra tax allowance per child that attractive compared to the cost of raising the "little angels" 
.
Even at top rate 30k at 35% is only 10.5k a year.
That would probably get you a night out with blether and smokie . So bring up a kid for life to save for one night out with blether and Smokie what do you think? is it worth it?
Worth noting the other changes, such:
- widening of the 30% band below the top rate (35% band) to 2-5mn from 2-4mn
- increase in general allowance cap to 100k from 60k
- effectively increases from 20k a month to 26k a month before people start paying tax
Cheers Fletch
===================================================
Tax perks in push for more children
Published: 20/02/2017 at 04:30 AM
Newspaper section: Business
Individual taxpayers can claim child allowance deductions for an unlimited number of biological children or up to three foster children under the new personal income tax structure effective from the 2017 tax year.
The move, among other changes, is aimed at encouraging people to have more children, in line with government policy as Thailand is categorised as an ageing society, said Prasong Poontaneat, director-general of the Revenue Department.
The new structure abolishes the previous cap on the child allowance, limited to three regardless of biological or adopted children. The allowance per child also doubles to 30,000 baht from 15,000, said Mr Prasong.
....
contd.
www.bangkokpost.com/news/general/1201437/tax-perks-in-push-for-more-children
. Even at top rate 30k at 35% is only 10.5k a year.
That would probably get you a night out with blether and smokie
. So bring up a kid for life to save for one night out with blether and Smokie what do you think? is it worth it?Worth noting the other changes, such:
- widening of the 30% band below the top rate (35% band) to 2-5mn from 2-4mn
- increase in general allowance cap to 100k from 60k
- effectively increases from 20k a month to 26k a month before people start paying tax
Cheers Fletch
===================================================
Tax perks in push for more children
Published: 20/02/2017 at 04:30 AM
Newspaper section: Business
Individual taxpayers can claim child allowance deductions for an unlimited number of biological children or up to three foster children under the new personal income tax structure effective from the 2017 tax year.
The move, among other changes, is aimed at encouraging people to have more children, in line with government policy as Thailand is categorised as an ageing society, said Prasong Poontaneat, director-general of the Revenue Department.
The new structure abolishes the previous cap on the child allowance, limited to three regardless of biological or adopted children. The allowance per child also doubles to 30,000 baht from 15,000, said Mr Prasong.
....
contd.
www.bangkokpost.com/news/general/1201437/tax-perks-in-push-for-more-children
