July 20, 200916 yr I was asked earlier this month by my Thai employer for a copy of my Thai wifes ID. Shes married to me officially, but a housewife and not working. The Thai employer says it will help reduce Thai income tax for me. Can anyone verify any truth to this, savings on tax to be made or concerns I should have? Thanks.
July 20, 200916 yr I was asked earlier this month by my Thai employer for a copy of my Thai wifes ID. Shes married to me officially, but a housewife and not working. The Thai employer says it will help reduce Thai income tax for me. Can anyone verify any truth to this, savings on tax to be made or concerns I should have?Thanks. Yes its true.. A few years ago, both myself and a collegue where working for the same company, same salary, he was married and I wasnt at the time, if I remember correctly he got 15k back in a tax rebate, where I got zip...
July 20, 200916 yr I was asked earlier this month by my Thai employer for a copy of my Thai wifes ID. Shes married to me officially, but a housewife and not working. The Thai employer says it will help reduce Thai income tax for me. Can anyone verify any truth to this, savings on tax to be made or concerns I should have? There is an additional 30,000 baht deduction for spouse Details here > http://www.rd.go.th/publish/6045.0.html
July 20, 200916 yr Yes, if you are legally married you are entitled to more deductions and even more so if you have children. By all means supply your employer with all the relevant documents, it can save you quite a bit. Try to get hold of the 91 tax form and ask your wife to translate it. It is all stated on this form and attachment. opalhort
July 20, 200916 yr Try to get hold of the 91 tax form and ask your wife to translate it. opalhort No need to have the wife translate it. Translation is on govt website: http://www.rd.go.th/publish/29041.0.html (Note: This is for translation only, you can't submit it in English...) Hope it helps!
July 20, 200916 yr Author Thanks for replies and reference links guys and sounds like my employer is correct. I won't actually get the tax refund as I have already got a net income agreement with any taxes and insurance covered for, but at least it will save the company some money without any inconvenience to myself or the wife it appears.
July 20, 200916 yr You can also get deductions for the in-laws if you support them. "You also can get deductions if your Mother In Law is a government official." I haven't heard that one. Details please. What about the father in-law?
July 28, 200916 yr You can deduct 30K for both father and mother in law, so total 60K of your income to be taf-free. They need to be >60 years old, and have less than 30K income per year, and Thai resident. You need to fill out a form with the persons signature, and the copy of their ID card with signature.
August 1, 200916 yr This is a very helpful post! Thank you! I have just recently moved back to Thailand, and the taxes I will be paying are significant. So being that I am married legally to a Thai women, have 3 kids in school, take care of family, and all these other items I will have some deductions to take advantage of. One question, here in Thailand are these deductions only done at the end of the year and then a refund is provided, i.e. the US Style, or is this something that is calculated during the year and reduces the progressive tax paid monthly... Thanks in advance. Cheers
August 1, 200916 yr I got my Tax form from my employer at the beginning of the year, my wife then entered the details into the Thai website, and also using my mother in law as well I actually got more than 75% refunded.
August 1, 200916 yr One question, here in Thailand are these deductions only done at the end of the year and then a refund is provided, i.e. the US Style, or is this something that is calculated during the year and reduces the progressive tax paid monthly... Your employer should be able to put details of your allowances into system from day 1, giving you benefit in your monthly salary rather than waiting for a refund at the end of the tax year.
August 1, 200916 yr You can deduct 30K for both father and mother in law, so total 60K of your income to be taf-free. They need to be >60 years old, and have less than 30K income per year, and Thai resident. You need to fill out a form with the persons signature, and the copy of their ID card with signature. Don't they have to live with you? Another question: on the P.N.D. 91 section C (Allowances...) item 10; I guess this includes house mortgage. Can this be deducted as well if the mortgage is in the name of the taxpayer/foreigner's wife?
August 1, 200916 yr "Don't they have to live with you?" No, they don't. ------------------------------------------- "...and also using my mother in law as well..." beano, was that because she is a government employee, (you mentioned that in an above post) or because you claimed you support her?
Create an account or sign in to comment