Thailand aims to reverse "brain drain" by offering 50% tax reduction for skilled workers returning to work in specific industries.
Thailand's government aims to reverse the "brain drain" by offering a 50% reduction in personal income tax for professionals returning to work in the country. The tax break, approved by the Prime Minister's cabinet, targets skilled workers with experience in industries such as electronics, automobiles, robotics, and aviation. Qualified Thais who return will pay a 17% tax rate for five years, compared to the current maximum rate of 35% for those earning 5 million baht ($139,000) annually.
July 30, 2024
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