Thai individual income tax rates are progressive up to 35%. Considering for every resident if he/she is in Thailand for 180 days or more in a calendar year.
Deductions and Allowances in Thailand (2022)
- Personal allowance : 60,000 Baht
- Spouses (with no income) : 60,000 Baht (Needed to submit together)
- Child allowance : 30,000 Baht per child. There is no limit on the number of natural children, but there is a limit of three when claiming adopted children.
- Parents allowance : 30,000 Baht for each. Can including spouse’s parents in case that spouse did not have income. Maximum 120,000 Baht.
- Disabilities allowance : 60,000 Baht per person for disabilities under your protection.
- Prenatal care and childbirth expense : Amount actually paid but not exceeding 60,000 Baht per times.
- Social security fund : Amount actually paid but not exceeding 9,000 Baht
- Life insurance premium : Amount actually paid but not exceeding 100,000
- Health insurance premium : Amount actually paid but not exceeding 25,000 Baht. But combined with item (8) must not exceed 100,000 Baht
- Health insurance premium for spouses (with no income) : Amount actually paid but not exceeding 10,000 Baht. Need to get married before 2022.
- Health insurance premium for parents : Amount actually paid but not exceeding 15,000 Baht. Does not available for parent-in-law.
- Provident Fund contributions : Not exceeding 15% of income.
- Retirement mutual fund (RMF) : Amount actually paid but not exceeding 30% of income*
- Annuity fix : Amount actually paid but not exceeding 15% of income and maximum of 200,000 Baht*
- National Savings Fund (NSF) : Amount actually paid but not exceeding 13,200 Baht*
- Super Saving Fund (SSF) : Amount actually paid but not exceeding 30% of income and maximum of 200,000 Baht*
- Home mortgage interest : Amount actually paid but not exceeding 100,000 Baht
- Charitable contributions(Education, Sports, Social development and government hospitals) : double deduction from actually paid amount but not exceeding 10% of income.
- Political party donation : Amount actually paid but not exceeding 10,000 Baht
- Charitable contributions (Temple, Foundation, association and etc.) : Amount actually paid but not exceeding 10%
- Investment in social enterprise : Amount actually paid but not exceeding 100,000 Baht
- Shop Dee Mee Kuen 2022 (ช้อปดีมีคืน 2565) : Amount actually paid but not exceeding 30,000 Baht
- Deductible expenses for income : 100,000 Baht
*Total amount of item 12-16 must not exceeding 500,000 Baht
**Item 21 and 22 starting from this year.
