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Tax Break for Personal Income Tax Submission 2017

Fabian Doppler

by Fabian Doppler | August 20, 2024

The below tax deduction list will aid you in submitting your 2017 personal income tax (PND90, 91). The submission window is open from 1 January 2018 – 31 March 2018.

We recommend our clients that preparations should be made in a timely fashion and the filings should be submitted by the end of next month.

When you file your returns, the correct taxable income has to be reported. This includes any income from a source in Thailand (in particular related to your Thai employment), regardless of where it was paid in or if you’re a resident of Thailand. Hard copies of personal income tax returns must be filed with the Revenue Department by March 31, while e-filing can be done up to April 9.

Our office would be pleased to assist you with the submission of a personal income tax return.


Tax break for “Personal / Family”

Personal allowance 60,000 THB
Spouse allowance 60,000 THB
Child allowance

  • Now, people can claim for child allowance for an unlimited number of children. Previously, people could claim for up to three children.
  • The previous child’s education allowance was cancelled. People cannot use it for tax deduction anymore.
 30,000 THB
Parent allowance (spouse’s parent allowance)

  • Total allowance amount cannot be over 120,000 THB
  • Age of the parent must be over 60 years old and income not over 30,000 THB per year.
 30,000 THB / person
Parent insurance allowance

  • Income more than 30,000 THB per year
 Not more than 15,000 THB
Handicap allowance

  • Income more than 30,000 THB per year
 60,000 THB / person

 

Tax break to support “Saving and Investment”

Social security fund Not more than 9,000 THB
Life insurance of the taxpayer

  • Health insurance is not over 15,000 THB
 Not over 100,000 THB
Life insurance of spouse of the taxpayer

  • The spouse has no income
 Not over 10,000 THB
15% of LTF mutual fund Not over than 500,000 THB
Any of the following items as one group: 

    • Contribution to provident fund
    • Contribution to government pension fund
    • Contribution to private school teacher fund
    • Contribution to national saving fund
    • Life insurance premium calculated from 15% of income but not over 200,000 THB
  • RMF provident fund calculated from 15% of taxable income
 not over than 500,000 THB


Tax break for “Asset and stimulus package of the Government”

Interest of residence loan not over 100,000 THB
Property purchase

  • 20% of the purchase price not over 3 MB for 5 years
 not over 120,000 THB
Cost of house repairs due to flood not over 100,000 THB
Cost of car repairs due to flood not over 300,000 THB
Shopping tax break

  • Purchase of selected goods and service from 11 November – 3 December 2018.
 not over 15,000 THB


Tax break for Donations

  • Donation for education/sports can double deduct tax but not exceed 10 percent of net profit
  • Donation for flood can deduct 1.5 percent tax but not exceed 10 percent of net profit
  • General donations amount to not over 10 percent of net profit

For further information please do not hesitate to contact us [email protected]

About the Writer

Fabian Doppler

Fabian is a founding partner of FRANK Legal & Tax. He focuses his practice on corporate / commercial and real estate law, as well as litigation. He is admitted to the Bar of Stuttgart, where he actively practiced law before coming to Thailand in 2005.

Fabian Doppler