The Cabinet has approved the Finance Ministry’s proposed tax incentives, reducing personal income tax to a maximum of 17% for Thais working abroad in key industries, to attract them to return to work in Thailand, said Pornchai Theeravet, spokesman for the Finance Ministry, yesterday.
The government wants these talented Thai nationals to return and work in their home country, to help industries essential to the development of the country and the Thai economy, he said.
To be eligible for the tax break, Thais must have worked abroad for at least two years, possess at least a Bachelor’s Degree and have a letter of certification from their employer or an employment contract to prove that they work abroad.
Pornchai said that they must also return to Thailand during the revised tax law’s enforcement, until the end of December 2025.
They must not have lived in Thailand for at least two years prior to the revised tax law’s enforcement, or their combined stay in the country must not have exceeded 180 days.
