Basing on THB Five Million director Fee, how much tax does our director need to pay to the tax department?
Panwa: Please note that your director has 2 options as:
Option 1: Tax allowance (the company pays the taxes on behalf of the director) – the director receives the director’s fee in full amount of Baht 6.8 million calculated from income of director and tax payable of Baht 1.8 million, which the company pays to the director, Baht 5 million.
Option 2: The director pays tax by himself which the tax amount of Baht 1.2 million and his director’s fee would be only of Baht 3.8 million.
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