By Monnapak Siritaworajan
There have been a number of recent changes and updates with respect to employee personal tax allowances so this is an opportune time to provide readers of RSM Focus with relevant information regarding the latest payroll outsourcing Bangkok tax news. An individual, resident or non-resident, who derives assessable income from employment in Thailand or from income sourced in Thailand, is liable to report their income and pay taxes at the progressive tax rate of 0% – 35% (if any) via filing their Thai annual tax return (PND 90/91). This is regardless of where the income is paid.
Thai annual personal income tax filing deadline for the calendar year 2021
|
Form |
Paper Filing |
Online filing |
|
PND 90/91 |
31 March 2022 |
8 April 2022 |
Note: The filing extension may be allowed if there are any further notices from the tax authorities.
What are personal allowances and / or deductions?
The Thai Revenue Department allows an individual to claim personal allowances and deductions from net income after the deduction of standard expenses according to Thai tax laws. This can help individuals to minimize their tax liabilities by offsetting them against assessable income before calculating their tax liabilities.
As you may be aware the Thai Revenue Department always updates/announces additional personal allowances and deduction each year to support tax payers or also to make things easier and fairer when economic situations dictate a need during particular periods of turbulence or other.
As taxpayers, you should be aware of some of the personal allowances and deductions which may have been discontinued. Therefore, below is an updated personal allowances and deductions summary which are still applicable for the tax year 2021.
|
Type of Allowance and Deduction |
Amount |
|
Personal allowance |
60,000 Baht |
|
Spouse (with no income) |
60,000 Baht |
|
Child (born before 2018 with no income or income not exceeding 30,000 Baht) Note: Age under 25 and studying. There is no limit of no. of natural children but there is a limit of three when claiming for adopted children. |
30,000 Baht per child |
|
Second child born from 2018 onwards (Same conditions as above) |
60,000 Baht per child |
|
Expenses for antenatal care and child delivery |
60,000 Baht per each pregnancy |
|
Parents allowance (Applicable only for parents with Thai nationality and income not exceeding 30,000 Baht per annum) |
30,000 Baht per parent |
|
Disabled or incapacitated family members care allowance |
60,000 Baht |
|
Social Security Fund Contribution |
Actual amount contributed during the year, max. 5,100 Baht per annum |
|
Parents health insurance |
Amount actually paid, but not exceeding 15,000 Baht |
|
Health Insurance Premiums * |
Amount actually paid, but not exceeding 25,000 Baht |
|
Life Insurance Premiums * |
Amount actually paid, but not exceeding 100,000 Baht |
|
Pension Life Insurance Premiums ** |
Up to 200,000 Baht, but not exceeding 15% of total assessable income |
|
Provident Fund Contribution ** |
Up to 500,000 Baht, but not exceeding 15% of total wages |
|
Retirement Mutual Fund (RMF) ** |
Up to 500,000 Baht, but not exceeding 30% of total assessable income |
|
Super Saving Fund Contribution ** |
Up to 200,000 Baht, but not exceeding 30% of total assessable income |
|
Civil Servant Pension Fund ** |
Up to 13,200 Baht |
|
Mortgage Interest Expenses |
Amount actually paid, but not exceeding 100,000 Baht |
|
Charitable contributions |
Amount actually donated, but not exceeding 10% of net assessable income after standard deductions and allowances
There is a double deduction allowed for education, sport and hospital. |
|
Donation to political parties |
Up to 10,000 Baht |
Note: * The total amount of premiums paid cannot exceed 100,000 Baht
** Total amount must not exceed 500,000 Baht
Please note that supporting documents may be required by the tax officer to provide proof for the amounts claimed for the above personal allowances and deductions. A sample of the required documents are listed below: –
- A copy of marriage certificate or family certificate (for Japanese tax payers)
- A copy of child birth certificate
- The official medical receipts for antenatal care and child delivery claims
- Copies of parents Thai ID cards and LorYor 03 form
- Copies of insurance premiums certificates
- Copy of provident fund certificate
- Copies of investment (i.e. RMF, super saving fund) certificates
- A copy of a mortgage interest certificate
- Copies of donation receipts
This article was compiled and put together by Khun Monnapak Siritaworajan – Payroll Manager of RSM Payroll Outsourcing Thailand. For more information, please visit Revenue Department website at https://www.rd.go.th/557.html or feel free to contact us at Payroll@rsmthailand.com