Page 114 - Introduction to Investment Laws in Thailand

Type of Income Deduction
e. Income derived from contract of work actual expense or 70%
whereby the contractor provides
essential materials besides tools
f. Income derived from business, actual expense or 65% - 85% depending on
commerce, agriculture, industry, the types of income
transport, or any other activities not
specified in a. to e.
Source: revenue Code section Section 42 Ter, 43, 44 and from Revenue Department
Thailand, 2021, Personal Income Tax, <https://www.rd.go.th/english/6045.html>

Table 10: Allowances for deduction of calculation of Personal Income
Tax

Types of Allowances Amount
Personal allowance
1. Single taxpayer 60,000 baht for the taxpayer
2. Spouse allowance (spouse with no 60,000 baht
income)
3. Child allowance (child under 25 30,000 baht each
years of age and studying at (limited to three children)
educational institution, or a minor,
or an adjusted incompetent or
quasi-incompetent person)

Additional THB 30,000 for the
second child onwards born in or 60,000 baht each
after 2018
4. Parents’ allowance 60,000 baht for each of taxpayer
5. Care of Disable or incompetent 60,000 baht
person
6. Health care for pregnancy and Not more than 60,000 baht
giving birth
7. Health insurance for parents or 15,000 baht
spouse
8. Life insurance premium paid by Amount actually paid but not exceeding
taxpayer or spouse 100,000 baht each
9. Health Insurance of taxpayer Not more than 25,000 baht

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