All employees in Thailand must file an annual personal income tax return, known as a PND 91. This edition of ‘A Closer Look’ takes a deep dive into the requirements when preparing the PND 91 in 2020 and considers what are the options available to employees to minimize their personal income tax. There are a number of tax allowances that employees cannot afford to overlook.
Keywords: Mazars, Thailand, Payroll, PND 91, Personal income tax, Tax-savings, SSF, RMF
23 December 2020
Our guide looks at the Personal Income Tax Return (PND 91):
- General information and residence rules
- Assessable income to be reported in the PND 91
- Who must file the PND 91?
- Personal income tax rates
- Tax allowances and tax exemptions for 2020
- Important dates, tax refunds, and tax payments
- Tax-saving tips that you should know
- Super Saving Fund (SSF)
- Retirement Mutual Fund (RMF)
- Year-end tax deduction of up to THB 30,000 for purchases