Personal income tax allowances

On 19 December 2018, Ministerial Regulation No. 341 issued by the Revenue Department was published in the Government Gazette. This regulation allows a personal income tax deduction of up to THB 15,000 for purchases of the following domestic goods or services from 15 December 2018 through 16 January 2019.

Keywords: Mazars, Thailand, Tax, Personal Income Tax Deduction, Rubber Authority of Thailand, Department of Community Development, Revenue Department, Government Gazette

09 January 2019

1. Tyres for cars, motorcycles, or bicycles purchased from a VAT registrant. The tyres must be produced by a manufacturer that buys rubber from the Rubber Authority of Thailand.

2. Books, but not including newspapers and magazines, purchased from a seller that is a company or partnership.

3. E-books, but not including newspapers and magazines, purchased from a seller that is a company or partnership.

4. OTOP products registered with the Department of Community Development.

If payment for such goods or services is made over two tax years, 2018 and 2019, taxpayers can claim a deduction for the amount spent in each tax year. However, the total amount deducted must not exceed THB 15,000. In addition, to qualify for the deduction, taxpayers must comply with the rules, procedures, and conditions set out by the Revenue Department.

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