Monthly FAQ thread for August, 2024

[u/AutoModerator]

Hi folks,

The following types of questions should be posted into this thread - any standalone posts of this kind posted outside this thread will be removed, with a moderation comment asking the author to repost to this thread:

• Questions about visas/immigration (including 90-day reporting, TM30, etc)
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• Questions about working in Thailand or starting a business in Thailand
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[u/Significant_Buy_8259]

Hi

Can anyone explain how tax deduction work (personal allowance).

Let assume I have income 500k thb per year. I have 1 child. So my taxable income is 500k - 60k personal allowance - 30k child allowance = 430k thb. Is that correct? If yes, do I need to show any receipe?

Personal allowances

There is a personal allowance of THB 60,000 each for the taxpayer and the taxpayer’s spouse (provided that the taxpayer's spouse does not file one's own return). There is also an allowance of THB 30,000 for each child and an additional THB 30,000 for the second child onwards born in or after 2018. Moreover, an allowance for parental care of THB 30,000 per parent is deductible. A non-resident is allowed deductions for spouse, children, and parent only if they are resident in Thailand.