correct—they don’t understand—each person might be from a different country so the DTA are different in each country—having a huge influence on tax in thailand—they should stop being professional googlers and consult a professional tax consultant🙈🙈🙈
It seems most expert fbookers dont even know what the allowances are: A. PERSONAL ALLOWANCE
(Thai Baht)
Taxpayer 60,000
Spouse (if spouse has no income) 60,000
Legitimate child of the taxpayer or the spouse (without limit),
Additional allowance for legitimate child of the taxpayer or the spouse from the second child onwards who was born in or after 2018 Each 30,000
Taxpayer's adopted child (maximum 3),
(If there are legitimate and adopted children together, a maximum of only 3 children is allowed) Each 30,000
Parental care Each 30,000
Care of disabled or incapacitated family members Each 60,000
Care of a disabled or incapacitated person other than a family member Each 60,000
In addition, a Thai Tax Resident who is over 65 years of age or who is disabled is entitled to personal income tax exemption on the net income up to Baht 190,000 per tax year.
B. INSURANCE ALLOWANCE
(Thai Baht)
★Total not Exceed 100,000 Thai Baht
★Life insurance and savings insurance Not exceed 100,000
★A health insurance Not exceed 25,000
Health insurance of taxpayer’s parent
(Or the parents of the spouse of the taxpayer) Not exceed 15,000
Social Security Contributions Not exceed 9,000
C. INVESTMENT FUNDS ALLOWANCE
(Thai Baht)
Total not Exceed 500,000 Thai Baht
Retirement Mutual Fund (RMF) 30% of income, not exceed
500,000
Super Savings Fund (SSF) 30% of income, not exceed
200,000
National Savings Fund Not exceed 30,000
Provident Fund (PVD) / Formal School Promotion Fund 15% of income, not exceed
500,000
Qualified pension life insurance 15% of income, not exceed