Tax refund after a year on WP - what can I claim?

[FarangFB]

I've completed a year on a WP (and marriage extension) and the accountant said I should get a tax refund and needed to submit my kid's birth certificate.

 

However, I also have a stepdaughter (which lives with us and I pay a reasonable amount for school).

 

On top of that, I pay health insurance for the whole family. Also got some hospital bills that the insurance didn't cover.

 

Can I use all these to increase my refund? 

Edited March 12, 2018 by FarangFB

[PoorSucker]

Your child, yes. 

Rest no. 

Be aware you can also get tax refund for support elderly parents of your wife. 

[FarangFB]

1 hour ago, PoorSucker said:

Your child, yes. 

Rest no. 

Be aware you can also get tax refund for support elderly parents of your wife. 

 

Thanks for the reply, the last part is interesting, how do I prove that?

[FritsSikkink]

Have a look here:

http://www.rd.go.th/publish/6045.0.html

 

Pretty shit accountant if he can't help you with that.

[ubonjoe]

Not visa related. Moved to here.

[Satcommlee]

They don't like refunding too much money... a friend requested a 17K tax refund and they investigated him, cost him a lot of money...

 

 

[bbz404]

14 hours ago, PoorSucker said:

Your child, yes. 

Rest no. 

Be aware you can also get tax refund for support elderly parents of your wife. 

I have had a different experience. Been claiming my step son (my wife's son whom I haven't adopted legally) for the past two years. Just had to submit the confirmation from the court that my wife is the sole caretaker and has full custody. No problems thereafter. 

Health insurance cannot indeed. And life insurance only for Thai issued policies. 

There are always some special tax gifts during any given year. It may be tourism related expenses and/or consumer spending at year end. In 2017, you could claim up to 15,000 Baht in deduction for consumer spending at the beginning of December. All you need to do is get a tax invoice from the shop. 

 

1 hour ago, Satcommlee said:

They don't like refunding too much money... a friend requested a 17K tax refund and they investigated him, cost him a lot of money...

 

 

I have refunded in excess of 40,000 Baht the past two years and it was processed so quickly and easily, I am still impressed. The investigation can happen, but if you have receipts and proper documents you should be submitting while claiming anyway, so as to limit any further investigation. Did he/she claim without giving all the proper evidence maybe?

[Mattd]

Why are you trying for a refund?

 

When calculating the tax owed over the period of the year, then you, or your company should calculate minus the allowances and expense, then pay the tax owed on the balance, that way you will not overpay.

 

Personal allowance - 60,000 per year, if your wife is Thai and not working, then this increases to 120,000 per year.

Your Child - 30,000 per year - Note as of 2017 TY there is no allowance for Education.

Step Child - Not sure TBH, need to ask the RD.

Your Health Insurance - Max 15,000 per year allowance (yes you CAN claim for this)

Hospital bills - No allowance.

Social Security - Amount paid up to max of 9,000 (750 PM)

 

You then have an expense allowance of 100,000 per year.

The first 150,000 AFTER deduction of your allowances is taxed at 0%

 

In your case, I calculate that you can earn 274,000 + 150,000 per year before the tax kicks in.

http://www.rd.go.th/publish/fileadmin/download/english_form/Guide90_260261.pdf

I can post an Excel sheet here that you can use to calculate your tax liability tomorrow, if you remind me!

 

 

Edited March 14, 2018 by Mattd

[Mattd]

As per my above post, here is an Excel spreadsheet that can calculate the tax owed for the 2017 tax year.

Note that due to my limited Excel knowledge, then it only works for annual salaries less than 10,000,000 THB.

Input should only be in to the light blue cells, if you have more allowances than I have already entered, then rows will have to be inserted in that area, for example you can claim for local tourism, flood damage, purchase of new domestic items and so on.

I used this spreadsheet to calculate my tax versus what the company had paid on my behalf, as they used the 2016 allowances, the calculation was exactly the same as the online tax filing, so it does work!

 

Hope some find it of use.

 

Thai Tax Calculator 2017.xlsx