Page 115 - Introduction to Investment Laws in Thailand

Types of Allowances Amount
10. Investing in Government Not more than 15% of income and
Retirement Mutual Fund accrued investment in saving fund must
not exceeding 500,000
11. Government Social Insurance Not more than 9,000 baht
12. Investing in Retire Mutual Fund Not more than 30% of income, and
(RMF) in private funds accrued investment in saving fund must
not exceed 500,000 baht
13. Investment on Super Saving Funds Not more than 30% of income and
(SSF) accumulation with RMF not exceeding
500,000 baht
14. Saving in National Saving Fund Not more than 13,200 baht
15. Home mortgage interest Amount actually paid but not exceeding
100,000 baht
16. Fees of payment through debit Actual fee
card
17. Donation to political party Not exceeding 10,000
18. Donation to education, health, Amount actually donated but not
government and social institutions exceeding 10% of the income after
standard deductions and the above
allowances
19. Shopping incentives to stimulate Not more than 30,000
economy during 23 October to 31
December 2020
Source: Revenue Department, 2020, Allowances for deduction of calculation of
Personal Income Tax, <https://www.rd.go.th/557.html>

5.2.4 Tax Rates

The tax rate is under progressive tax rates applicable to taxable
income based on the revenue code section according to table 5 below.

Net income (Thai baht*) PIT rate (%)
0 to 150,000 Exempt
150,001 to 300,000 5
300,001 to 500,000 10
500,001 to 750,000 15
750,001 to 1,000,000 20
1,000,001 to 2,000,000 25
2,000,001 to 5,000,000 30
Over 5,000,000 35

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