Thai Income Tax Deductions

[samran]

Hi all,

Am starting a BKK based job shortly and am looking for ideas regarding minimising my tax. I’ve been looking at the revenue departments website here where they outline a number of deductions, including:

Life insurance premium paid by taxpayer or spouse

Amount actually paid but not exceeding 50,000 Baht each

Approved provident fund contributions

Maximum allowance (exemption) of 300,000 Bath, but not exceeding 15% of income

Long-term equity fund

Maximum allowance (exemption) of 300,000 Bath, but not exceeding 15% of income

Social insurance contributions paid by taxpayer or spouse

Amount actually paid each

So can anyone out there recommend to me some Thai based Life Insurance funds/Provident Funds/Long Term Equity funds that they use and are happy with?

Also, are social insurance contributions still capped at 5% of gross income (or a max of 750 baht per month)?

Thanks for your help.

[samran]

So no-one here works in Thailand then?

[~G~]

So can anyone out there recommend to me some Thai based Life Insurance funds/Provident Funds/Long Term Equity funds that they use and are happy with?

Not using any.

Also, are social insurance contributions still capped at 5% of gross income (or a max of 750 baht per month)?

That's still right. I wrote the check to the Social Security Office yesterday.